Document ID: chunk:federal_register_of_legislation:C2007A00056:clause:3_139dsf
Version: federal_register_of_legislation:C2007A00056
Segment Type: clause
Provision Reference: sch 3 cl 139DSF
Character Range: 19037–19621

139DSF  Modification relating to legal or beneficial interest

  A taxpayer is taken to satisfy a condition that the taxpayer not hold a legal or beneficial interest in more than 5% of the shares in a company at a time only if the taxpayer does not hold a legal or beneficial interest in more than 5% of any of the following at that time:
 (a) the shares in any company that is a stapled entity for the stapled security;
 (b) the units in any unit trust that is a stapled entity for the stapled security.

Note: This rule affects the operation of subsections 139CD(6) and 139DR(5).