Statute
Section 121AEA — Income Tax Assessment Act 1936: Replacement of policyholders by persons exercising certain rights
Text of the provision Official document
If, as a result of the exercise of any power under the articles of association of an insurance company, persons are entitled to exercise rights in place of policyholders, then, to the extent that the Commissioner considers it appropriate, the persons are treated for the purposes of this Division as replacing the policyholders.
Official source: Federal Register of Legislation
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