Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p2
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 2/4)
Character Range: 7711161–7713718

as registered holders (whether or not for their own benefit) any dividends that the company may pay; or
 (c) have the right to receive, as registered holders (whether or not for their own benefit) any distribution of capital of the company.
Note: A special rule applies in working out whether an asset has stopped being a pre‑CGT asset: see section 149‑10.

Units in a unit trust
 (2) There is a trading in units in a unit trust if there is an issue, redemption or transfer of those units, or any other dealing in those units, but only if it changes the respective proportions in which all the registered holders of units in the trust hold (whether beneficially or not) interests in the trust income or trust capital.
Note: A special rule applies in working out whether an asset has stopped being a pre‑CGT asset: see section 149‑10.

960‑225  Abnormal trading
 (1) There is an abnormal trading in *shares in a company, or in units in a unit trust, if a *trading in the shares or units is abnormal having regard to all relevant factors, including these:
 (a) the timing of the trading, when compared with the normal timing for trading in the company's shares or in the trust's units;
 (b) the number of shares or units traded, when compared with the normal number of the company's shares, or the trust's units, traded;
 (c) any connection between the trading and any other trading in the company's shares or in the trust's units;
 (d) any connection between the trading and a *tax loss or other deduction of the company or trust.
 (2) There may also be an abnormal trading under any of the following provisions.

960‑230  Abnormal trading—5% of shares or units in one transaction
  There is an abnormal trading in *shares in a company, or in units in a unit trust, if 5% or more of the shares or units are *traded in one transaction.

960‑235  Abnormal trading—suspected 5% of shares or units in a series of transactions
 (1) There is an abnormal trading in *shares in a company, or in units in a unit trust, if the company or trustee knows or reasonably suspects that an entity (or an entity and one or more of the entity's *associates) has acquired (or redeemed) 5% or more of the shares or units in 2 or more transactions and would not have done so if the company or trust did not have a *tax loss or other deduction.

Time when abnormal trading happens
 (2) The *abnormal trading happens at the time of the particular transaction that causes the 5% figure to be exceeded.

960‑240  Abnormal trading—suspected acquisition or merger
  There is an abnormal