Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 725.95

  (1)   A * direct value shift does not have consequences for any entity under this Division if:

  (a)   section   725 - 90 applies, and the state of affairs referred to in paragraph   725 - 90(1)(a) ceases to exist; and

  (b)   the direct value shift would not have happened but for that state of affairs ceasing to exist.

  (2)   However, if section   725 - 90 stops applying, this section is taken never to have applied to the later direct value shift.

Table of sections

725 - 145   When there is a direct value shift

725 - 150   Issue of equity or loan interests at a discount

725 - 155   Meaning of down interests , decrease time , up interests and increase time

725 - 160   What is the nature of a direct value shift?

725 - 165   If market value decrease or increase is only partly attributable to the scheme