Document ID: chunk:federal_register_of_legislation:C2025C00029:section:11:p13
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 11 (pt 13/20)
Character Range: 6660202–6662814

an *affected owner has acquired:
 (i) a *primary equity interest in the losing entity; or
 (ii) an *indirect primary equity interest in the losing entity.
 (4) A *primary equity interest in an entity is an indirect primary equity interest in another entity if, and only if:
 (a) the first entity owns a primary equity interest in the other entity; or
 (b) the first entity owns a primary equity interest that is an indirect primary equity interest in the other entity because of one or more other applications of this subsection.

Indirect value shifts involving services

727‑230  Services provided by losing entity to gaining entity for at least their direct cost
  An *indirect value shift does not have consequences under this Division if:
 (a) to the extent of at least 95% of their total *market value, the *greater benefits consist entirely of:
 (i) a right to have services that are covered by section 727‑240 provided directly by the losing entity to the gaining entity; or
 (ii) services that are covered by section 727‑240 and have been, are being, or are to be, so provided;
  or both; and
 (b) there are *lesser benefits and, as at the *IVS time, the total market value of the lesser benefits is not less than the total of:
 (i) the present value of the direct cost to the losing entity of providing the services; and
 (ii) the present value of a reasonable allocation of the total direct cost to the losing entity of providing services that include the first‑mentioned services (so far as it is not already covered by subparagraph (i)).
To work out the costs and present values referred to in paragraph (b),
see section 727‑245.

727‑235  Services provided by gaining entity to losing entity for no more than a commercially realistic price
 (1) An *indirect value shift does not have consequences under this Division if:
 (a) there are *lesser benefits and, to the extent of at least 95% of their total *market value, the lesser benefits consist entirely of:
 (i) a right to have services that are covered by section 727‑240 provided directly by the gaining entity to the losing entity; or
 (ii) services that are covered by section 727‑240 and have been, are being, or are to be, so provided;
  or both; and
 (b) as at the *IVS time, the total market value of the greater benefits is not more than the total of:
 (i) the present value of the direct cost to the gaining entity of providing the services; and
 (ii) the present value of a reasonable allocation of the total direct cost to the gaining entity of providing services that include the first‑mentioned services (so far as it is not already