Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 167.40

  (1)   For the purposes of subsection   167 - 25(2), the valuing times for the test period are:

  (a)   the time the test period starts; and

  (b)   the time just before, and the time just after, any of the following events that happen during the test period:

  (i)   the issue of * shares of a class of remaining shares;

  (ii)   the variation of rights attached to any remaining shares to receive * dividends or capital distributions;

  (iii)   the redemption or cancellation of any remaining shares; and

  (c)   the time the test period ends.

  (2)   For paragraph   (1)(b), disregard a time if it is outside the test period.