Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 166.235

Minimum control of voting power

(1) If the *ownership test time is after the start of the *test period and:
. the voting power in the *head company or *interposed company that the
*notional shareholder controls at that time; is greater than:
. the voting power in the company that the notional shareholder controlled at
the start of that period; the notional shareholder is taken to control voting
power in the company at that time only to the extent that it controlled it at
the start of that period.

Minimum percentage of rights to dividends and capital

(2) If the *ownership test time is after the start of the *test period and:
. the percentage of the *dividends or distributions of capital of the *head
company or *interposed company that the *notional shareholder has the right to
receive at that time; is greater than:
. the percentage (the lower percentage) of the dividends or distributions of
capital of the company that the notional shareholder had the right to receive
at the start of that period; the notional shareholder is taken to have the
right to receive the lower percentage of the dividends or distributions of
capital at that time.