Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 725.80

Who is an affected owner of a down interest?

                   An entity is an affected owner of a * down interest if, and only if, the entity owns the down interest at the * decrease time and at least one of these paragraphs is satisfied:

                     (a)  the entity is the controller;

                     (b)  the entity was an * associate of the controller at some time during or after the * scheme period;

                     (c)  the entity is an * active participant in the * scheme.



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