INCOME TAX ASSESSMENT ACT 1997 - SECT 960.245 Abnormal trading--20% of shares or units traded over 60 day period

Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 960.245

Abnormal trading--20% of shares or units traded over 60 day period

(1) There is an abnormal trading in * shares in a company or units in a unit trust if more than 20% of the shares or units are * traded during a 60 day period.

Time when abnormal trading happens

(2) The * abnormal trading happens at the end of the 60 day period concerned.

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