Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 725.160

  (1)   The * direct value shift has 2 aspects.

  (2)   Overall, it consists of:

  (a)   the decreases in * market value of the down interests; and

  (b)   the issue at a * discount of the up interests covered by subsection   725 - 145(2); and

  (c)   the increases in market value of the up interests covered by subsection   725 - 145(3).

  (3)   This Division also proceeds on the basis that the * direct value shift is from each of the * down interests to each of the * up interests.