Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 615.1

What this Division is about

You can choose for transactions under a scheme to restructure a company's or unit trust's business to be tax neutral if, under the scheme:

  (a)   you cease to own shares in the company or units in the trust; and

  (b)   in exchange, you become the owner of new shares in another company.

Table of sections

615 - 5   Disposing of interests in one entity for shares in a company

615 - 10   Redeeming or cancelling interests in one entity for shares in a company


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