INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 165.165 Rules about the primary test for a condition

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INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 165.165

Rules about the primary test for a condition


(1) A person need not beneficially own exactly the same *shares at all times
during the *ownership test period for the primary test for a condition to be
satisfied.

(2) A *private company must satisfy the primary test for a condition in order
for the test to be satisfied. A *public company is taken to satisfy the
primary test if it is reasonable to assume that the test is satisfied.

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