Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 725.80

    An entity is an affected owner of a * down interest if, and only if, the entity owns the down interest at the * decrease time and at least one of these paragraphs is satisfied:

  (a)   the entity is the controller;

  (b)   the entity was an * associate of the controller at some time during or after the * scheme period;

  (c)   the entity is an * active participant in the * scheme.