Document ID: chunk:federal_register_of_legislation:C2005A00147:clause:1_79:p10
Version: federal_register_of_legislation:C2005A00147
Segment Type: clause
Provision Reference: sch 1 cl 79 (pt 10/25)
Character Range: 56625–59585

change in another company which beneficially owns one or more of the following stakes in the first company:
 (i) a *voting stake that carries rights to more than 50% of the voting power of the first company;
 (ii) a *dividend stake that carries rights to receive more than 50% of any dividends the first company may pay;
 (iii) a *capital stake that carries rights to receive more than 50% of any distribution of capital of the first company;
  (whether the other company owns those stakes directly, or *indirectly through one or more interposed entities).

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