Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 975.155

    An entity (the first entity ) is a controller (for CGT purposes ) of a company if:

  (a)   the first entity has an * associate - inclusive control interest in the company of at least 50%; or

  (b)   the first entity has an associate - inclusive control interest in the company of at least 40% and entities other than the first entity or associates of the first entity do not control the company; or

  (c)   the first entity controls the company (alone or with an * associate).