Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 166.245

(1) *Shares in a company begin to be part of a substantial shareholding of a
person when the person gives the company:

   (a)  a notice under section 709 of the Corporations Law from which it
        appears that the person or an associate (within the meaning of that
        section) had a *relevant interest in the shares as at the day when the
        person became a substantial shareholder in the company; or

   (b)  a notice under section 710 of the Corporations Law from which it
        appears that the person or an associate (within the meaning of that
        section) had a *relevant interest in the shares after the change in
        relevant interests because of which the notice had to be given;
        whichever happens first.

(2) The *shares stop being part of the substantial shareholding when the
person gives the company:

   (a)  a notice under section 710 of the Corporations Law from which it
        appears that neither the person nor an associate (within the meaning
        of that section) had a *relevant interest in the shares after the
        change in relevant interests because of which the notice had to be
        given; or

   (b)  a notice under section 711 of the Corporations Law from which it
        appears that the person has stopped being a substantial shareholder in
        the company; whichever happens first.