Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 275.105

  (1)   An asset is covered by this section if it is any of the following:

  (a)   a * share in a company (including a share in a * foreign hybrid company);

  (b)   a * non - share equity interest in a company;

  (c)   a unit in a unit trust;

  (d)   land (including an interest in land);

  (e)   a right or option to * acquire or * dispose of an asset of a kind mentioned in paragraph   (a), (b), (c) or (d).

  (2)   However, the asset is not covered by this section if it is any of the following:

  (a)   a * Division   230 financial arrangement;

  (b)   a * debt interest.