Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p22
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 22/53)
Character Range: 2967859–2970571

or those persons so began, or became able, to control that voting power for the purpose of:
 (i) getting some benefit or advantage in relation to how this Act applies; or
 (ii) getting such a benefit or advantage for someone else;
  or for purposes including that purpose.
Note 1: A person can still control the voting power in a company that is in liquidation etc.: see section 165‑250.
Note 2: Subdivision 167‑B has special rules for working out voting power in a company whose shares do not all carry the same voting rights, or do not carry all of the voting rights in the company.
 (2) In this section:
control of the voting power in a company means control of that voting power either directly, or indirectly through one or more interposed entities.

165‑115E  What is an unrealised net loss
 (1) The question whether a company has an unrealised net loss at a particular time (the relevant time) is worked out in this way (the individual asset method), unless the company chooses to work it out using the *global method (set out in subsection (2)).

      Method statement
           Step 1. Work out under section 165‑115F in respect of each *CGT asset that the company owned at the relevant time any notional capital gain or notional revenue gain or any notional capital loss or notional revenue loss that the company has at that time in respect of the asset.
            The sum of the notional capital gains is the company's unrealised capital gain at the relevant time.
            The sum of the notional capital losses is the company's unrealised capital loss at the relevant time.
            The sum of the notional revenue gains is the company's unrealised revenue gain at the relevant time.
            The sum of the notional revenue losses is the company's unrealised revenue loss at the relevant time.
           Step 2. Add up the unrealised capital gain and the unrealised revenue gain at the relevant time. The total is the unrealised gross gain at that time.
           Step 3. Add up the unrealised capital loss and the unrealised revenue loss at the relevant time. The total is the unrealised gross loss at that time.
           Step 4. If the unrealised gross loss at the relevant time exceeds the unrealised gross gain at that time, the excess is the company's preliminary unrealised net loss at that time.
           Step 5. Add up the company's preliminary unrealised net loss and any *capital loss, deduction or share of a deduction disregarded under section 170‑270 in relation to an asset referred to in paragraph 165‑115A(1A)(b). The total is the company's unrealised net loss at the relevant time.
 (2) The global method of working out whether the company has an unrealised net