Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 29/29)
Character Range: 2914774–2916107

been satisfied by the company.

Time of happening of CGT event
 (8) The happening of a *CGT event in relation to a *direct equity interest or *indirect equity interest in the company that results in the failure of the company to satisfy a condition in subsection (2), (3) or (4) is taken, for the purposes of paragraph (7)(b), to have occurred during the *ownership test period.

165‑13  Alternatively, the company must satisfy the business continuity test
 (1) This section sets out the condition that a company must meet to be able to deduct the *tax loss if:
 (a) the company fails to meet a condition in subsection 165‑12(2), (3) or (4); or
 (b) it is not practicable to show that the company meets the conditions in those subsections.
Note Other provisions may treat the company as meeting, or failing to meet, the conditions in subsections 165‑12(2), (3) and (4).
 (2) The company must satisfy the *business continuity test for the income year (the business continuity test period). Apply the test to the *business the company carried on immediately before the time (the test time) shown in the relevant item of the table.

Test time
Item       If:                                                                                                                                                                  The test time is: