Private ruling: Aggregated turnover
Date of advice: 12 January 2023
Published: 27 February 2023

Ruling: Having regard to the facts and circumstances of a company and its shareholders, the Commissioner has determined under subsection 328-125(6) of the Income Tax Assessment Act 1997 that a shareholder who owned more than 40% but less than 50% of the ordinary shares in a company did not control the company during a particular income year.