Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The object of this Division is to make it easier for a * widely held company, or an * eligible Division 166 company, to apply the rules in Division 165 (because of the difficulty the company might have under that Division in actually tracing through to the ultimate beneficial owners of * voting stakes, * dividend stakes and * capital stakes in the company).
(2) This Division makes it easier to apply the rules in Division 165 by:
(a) making it unnecessary for the company to prove that it has maintained the same owners throughout a period, if the company had the same owners at certain test times; and
(b) making it unnecessary for the company to trace through to the ultimate beneficial owners of:
(i) * voting stakes, * dividend stakes and * capital stakes in the company held by certain entities (whether directly, or * indirectly through one or more interposed entities); and
(ii) small voting stakes, dividend stakes and capital stakes in the company.
166 - 5 How Subdivision 165 - A applies to a widely held or eligible Division 166 company
166 - 15 Companies can choose that this Subdivision is not to apply to
them