Commonwealth Numbered Acts

INCOME TAX ASSESSMENT ACT 1997 No. 38 of 1997 - SECT 165.195

(1) For the purposes of a test, a person who beneficially owns

*redeemable shares at a time during the income year, is taken not to own the
shares beneficially at that time.

(2) In applying a test for the purposes of Subdivision 165-A (which is about
deducting tax losses of earlier income years), this section does not cover
*shares allotted before the *loss year.