Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 167.80

When this Subdivision applies

  (1)   For the purposes of this Part, voting power in a company at one or more times can be worked out under section   167 - 85 if:

  (a)   the company's * shares do not all, at those times, carry the same voting rights for all matters affecting the company; or

  (b)   the company's shares do not carry all of the voting rights in the company;

whether this is because of the company's * constitution, an * arrangement or some other reason.

Note:   Disregard dual listed company voting shares (see section   167 - 90).

  (2)   Further, if those times are consecutive times during a period, the voting power in the company can be worked out under section   167 - 85 as if that period consists only of:

  (a)   the time that period starts; and

  (b)   each later time (if any) during that period when there is a change in the maximum number of votes any entity could cast on a poll described in paragraph   167 - 85(1)(a) or (b).


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