INCOME TAX ASSESSMENT ACT 1997 - SECT 125.100 No further demerger relief in some cases
INCOME TAX ASSESSMENT ACT 1997 - SECT 125.100
No further demerger relief in some casesThis Division does not apply to the remaining * ownership interests in a * demerged entity if one or more members of the * demerger group * disposed of or cancelled less than 100% of the total ownership interests of that group in the demerged entity.
Note: After the demerger, a former member of the demerger group can
undertake a further demerger to which this Division can apply.