Private ruling: Division 166 of the ITAA 1997; definition of widely held company
Date of advice: 26 April 2017
Published: September 2017

Ruling: The Commissioner ruled on a public company's status as a 'widely held company' within the meaning of that term in subsection 995-1(1) of the Income Tax Assessment Act 1997 for the purposes of applying the concessional tracing rules in Division 166 of the Income Tax Assessment Act 1997 .


Relevant legislative provisions: Income Tax Assessment Act 1936 subsection 6(1) | Income Tax Assessment Act 1997 section 65-40 | Income Tax Assessment Act 1997 Division 165 | Income Tax Assessment Act 1997 Subdivision 165-A | Income Tax Assessment Act 1997 Subdivision 165-D | Income Tax Assessment Act 1997 subsection 165-208(1) | Income Tax Assessment Act 1997 Division 166 | Income Tax Assessment Act 1997 Subdivision 166-A | Income Tax Assessment Act 1997 Subsection 166-5(1) | Income Tax Assessment Act 1997 Subdivision 166-E | Income Tax Assessment Act 1997 section 166-220 | Income Tax Assessment Act 1997 subsection 960-130(1) | Income Tax Assessment Act 1997 subsection 995-1(1) | Corporations Act 2001 (Cth) section 9 | Corporations Act 2001 (Cth) section 436A | Corporations Act 2001 (Cth) section 437F | Corporations Act 2001 (Cth) section 793C | Corporations Act 2001 (Cth) 1101B | Income Tax Assessment Regulations 1997 Regulation 995-1.05 | Income Tax Assessment Regulations 1997 Schedule 5 | ASX Listing Rules