INCOME TAX ASSESSMENT ACT 1997 - SECT 125.100 No further demerger relief in some cases

INCOME TAX ASSESSMENT ACT 1997 - SECT 125.100

    This 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.