Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 960.195

    An interest held by an entity (the holding entity ) in another entity (the test entity ) passes the non - portfolio interest test at a time if the sum of the * direct participation interests held by the holding entity and its * associates in the test entity at that time is 10% or more.

Table of sections

960 - 220   Meaning of trading

960 - 225   Abnormal trading

960 - 230   Abnormal trading--5% of shares or units in one transaction

960 - 235   Abnormal trading--suspected 5% of shares or units in a series of transactions

960 - 240   Abnormal trading--suspected acquisition or merger

960 - 245   Abnormal trading--20% of shares or units traded over 60 day period