Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 727.105

    It must be the case that, at some time during the * IVS period:

  (a)   the * losing entity and the * gaining entity have the same * ultimate controller; or

  (b)   the ultimate controller of the losing entity is the same entity that was the ultimate controller of the gaining entity at a different time during that period; or

  (c)   the gaining entity is the ultimate controller of the losing entity; or

  (d)   the losing entity is the ultimate controller of the gaining entity.

For the concept of IVS period , see section   727 - 150.

For the concept of ultimate controller , see section   727 - 350.