Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 725.160

What is the nature of a direct value shift?

             (1)  The * direct value shift has 2 aspects.

             (2)  Overall, it consists of:

                     (a)  the decreases in * market value of the down interests; and

                     (b)  the issue at a * discount of the up interests covered by subsection 725-145(2); and

                     (c)  the increases in market value of the up interests covered by subsection 725-145(3).

             (3)  This Division also proceeds on the basis that the * direct value shift is from each of the * down interests to each of the * up interests.



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