Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 727.525

Indirect equity or loan interest

    An * equity or loan interest in an entity is an indirect equity or loan interest in another entity if, and only if:

  (a)   the first entity owns an equity or loan interest in the other entity; or

  (b)   the first entity owns an equity or loan interest that is an indirect equity or loan interest in the other entity because of one or more other applications of this section.


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