Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 727.95

    The main object of this Division is:

  (a)   to prevent inappropriate losses from arising on the realisation of direct or indirect equity or loan interests in an entity from which there has been a net shift of value because of a dealing that is not at * arm's length; and

  (b)   to prevent inappropriate gains from arising on the realisation of * direct equity interests or * indirect equity interests in the entity to which that value has been shifted;

in cases where the 2 entities are related as set out in this Division.