Commonwealth Consolidated Acts

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A NEW TAX SYSTEM (GOODS AND SERVICES TAX) ACT 1999 - SECT 190.1

90% owned groups

    Two companies are members of the same 90% owned group if:

  (a)   one of the companies has * at least a 90% stake in the other company; or

  (b)   a third company has * at least a 90% stake in each of the two companies.

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