10
In forcePurpose of Part 4
10 Purpose of Part 4
This Part sets out decision-making principles with which the Secretary must comply in making a determination under subsection 1208Y (2) of the Act that, for the purposes of Division 11 of Part 3.18 of the Act, an asset that is owned by a company that is a controlled private company in relation to an individual, or an asset that is owned by a trust that is a controlled private trust in relation to an individual, is taken not to be controlled by the individual.
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