Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p28
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 28/46)
Character Range: 3122222–3125222

the other company owns those stakes directly, or *indirectly through one or more interposed entities).
Note: For paragraph (e), Division 167 has special rules for working out rights to voting power, dividends and capital distributions in a company whose shares do not all carry the same rights to those matters.

When a corporate change ends
 (2) A *corporate change ends:
 (a) if paragraph (1)(a) applies (or paragraph (1)(e) applies because of paragraph (1)(a))—at the latest time when a *bid period of the *takeover bid ends; and
 (b) if paragraph (1)(b) or (c) applies (or paragraph (1)(e) applies because of paragraph (1)(b) or (c))—when the scheme of arrangement or other arrangement ends; and
 (c) if paragraph (1)(d) applies (or paragraph (1)(e) applies because of paragraph (1)(d))—when the offer period for the issue of *shares ends.

Subdivision 166‑E—Concessional tracing rules

Guide to Subdivision 166‑E

166‑215  What this Subdivision is about

      This Subdivision has rules which make it easier for a widely held or eligible Division 166 company to satisfy the ownership tests in Subdivision 166‑D.
      Special concessional tracing rules deem entities to hold the following stakes in the company so that the company does not have to trace through to the beneficial owners of the stakes:

                (a) stakes of less than 10% in the company;
                (b) stakes of between 10% and 50% that are held by widely held companies;
                (c) stakes that are held by complying superannuation funds, complying approved deposit funds, special companies and managed investment schemes;
                (d) stakes in interposed foreign listed companies that are held as bearer shares;
                (e) stakes in interposed foreign listed companies that are held by depository entities.

Table of sections

Application of this Subdivision
166‑220 Application of this Subdivision

Stakes of less than 10% in the tested company
166‑225 Direct stakes of less than 10% in the tested company
166‑230 Indirect stakes of less than 10% in the tested company
166‑235 Voting, dividend and capital stakes

Stakes held directly and/or indirectly by widely held companies
166‑240 Stakes held directly and/or indirectly by widely held companies
166‑245 Stakes held by other entities

When identity of foreign stakeholders is not known
166‑255 Bearer shares in foreign listed companies
166‑260 Depository entities holding stakes in foreign listed companies

Other rules relating to voting power and rights
166‑265 Persons who actually control voting power or have rights are taken not to control power or have rights
166‑270 Single notional entity stakeholders taken to have minimum voting control, dividend rights and capital rights
166‑272 Same shares or interests to be held

When the rules in this Subdivision do not apply
166‑275 Rules in this Subdivision intended to be concessional
166‑280 Controlled test companies

Application of this Subdivision

166‑220  Application of