Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 727.465

    If immediately before the * IVS time the * gaining entity is a company or trust (except one listed in section   727 - 125 (about superannuation entities)), these are the affected interests in the gaining entity:

  (a)   each * equity or loan interest that an * affected owner owns in the gaining entity immediately before the * IVS time; and

  (b)   each equity or loan interest that:

  (i)   an affected owner owns in another affected owner immediately before the IVS time; and

  (ii)   is an * indirect equity or loan interest in the gaining entity;

(except one covered by an exception in section   727 - 470).