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COMMONWEALTH BANK SALE ACT 1995 No. 161 of 1995 - SECT 18
Application of section 63A of the Income Tax Assessment Act
18.(1) In applying section 63A of the Income Tax Assessment Act 1936 to decide
whether a deduction is allowable to a Bank body in the year of income in which
the completion time occurred, or in a later year of income, it must be assumed
that the persons who beneficially owned the shares in the Commonwealth Bank
immediately after the completion time were also the beneficial owners of the
shares at all times before the completion time.
(2) In this section:
completion time means the time when the Commonwealth ceases to be a
shareholder in the Commonwealth Bank.
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