Income Tax Assessment Act 1997
View history note
Hide history noteThe main object of this Division is:
(a) to prevent inappropriate losses from arising on the realisation of direct or indirect equity or loan interests in an entity from which there has been a net shift of value because of a dealing that is not at * arm ' s length; and
(b) to prevent inappropriate gains from arising on the realisation of *direct equity interests or *indirect equity interests in the entity to which that value has been shifted;
in cases where the 2 entities are related as set out in this Division.
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