Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:1_34:p3
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 1 cl 34 (pt 3/3)
Character Range: 98790–99830

during the *test period.

Subsection (8) not to apply for purpose of determining whether an alteration time has occurred

 (9) However, subsection (8) does not apply in relation to any of the conditions in section 166‑145 in so far as those conditions have effect for the purpose of determining whether an alteration time (within the meaning of section 165‑115M) has occurred.

Time of happening of CGT event

 (10) The happening of any *CGT event in relation to a direct or indirect equity interest in the subsidiary that results in the failure of the subsidiary to satisfy a condition in section 166‑145 is taken, for the purposes of paragraph (8)(b), to have occurred during the *test period.

Meaning of direct and indirect equity interests

 (11) For the purposes of subsections (8) and (10):
 (a) the direct equity interests in the subsidiary are *shares in the subsidiary; and
 (b) the indirect equity interests in the subsidiary are shares or other interests in entities interposed between the subsidiary and the holding company.