Document ID: chunk:federal_register_of_legislation:C2016A00054:clause:1_5
Version: federal_register_of_legislation:C2016A00054
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 19261–20178

5                                                                         50        (a) a total of at least $50,000 has been paid for *equity interests that are *shares in the company; and
                                                                                    (b) the company issued those shares to one or more entities that:
                                                                                    (i) were not *associates of the company immediately before the issue of those shares; and
                                                                                    (ii) did not *acquire those shares primarily to assist another entity become entitled to a *tax offset (or a modified CGT treatment) under this Subdivision; and
                                                                                    (c) the company issued those shares at least one day before the test time.