Income Tax Assessment Act 1997
View history note
Hide history noteAn entity is an affected owner of an * up interest if, and only if:
(a) there is at least one * affected owner of * down interests; and
(b) the entity owns the up interest at the * increase time, or the interest is an up interest because it was issued to the entity at a * discount;
and at least one of these paragraphs is satisfied:
(c) the entity is the controller;
(d) the entity was an * associate of the controller at some time during or after the * scheme period;
(e) at some time during or after the scheme period, the entity was an associate of an entity that is an affected owner of down interests because it was an associate of the controller at some time during or after that period;
(f) the entity is an * active participant in the * scheme.
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