Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf there is a net shift of value between 2 related entities because of a non - arm's length dealing, this Division:
(a) prevents losses from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the losing entity; and
(b) within limits, prevents gains from arising, because of the value shift, on realisation of direct or indirect equity or loan interests in the gaining entity.
However, it does so only for interests that are owned by entities involved in the value shift.
Table of sections
727 - 5 What is an indirect value shift?
727 - 10 How does this Division deal with indirect value shifts?
727 - 15 When does an indirect value shift have consequences under this Division?
727 - 25 Effect of this Division on realisations at a loss that occur before the nature or extent of an indirect value shift can be fully determined