Document ID: chunk:federal_register_of_legislation:C2025C00014:section:159gzzzs
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 159GZZZS
Character Range: 1473351–1474096

159GZZZS  Consideration in respect of on‑market purchase
  Where a buy‑back is an on‑market purchase, then:
 (a) in determining, for the purposes of this Act:
 (i) whether an amount is included in the assessable income of the seller under a provision of this Act other than Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997 (about CGT); or
 (ii) whether an amount is allowable as a deduction to the seller; or
 (b) whether the seller makes a capital gain or capital loss;
in respect of the buy‑back, the seller is taken to have received or to be entitled to receive, as consideration in respect of the sale of the share, the purchase price in respect of the buy‑back of the share.

Division 17—Rebates

Subdivision A—Concessional rebates