Foreign Acquisitions and Takeovers Act 1975
98Working out capital gains
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98 Working out capital gains
For the purposes of this Subdivision, the amount of the capital gain that was made or would be made on the disposal by a person (the offender) of an interest to another person (the third party) is the higher of the following amounts: (a) if an agreement has been entered into in relation to disposing of the interest to the third party—the difference between: (i) the consideration for the acquisition by the third party; and (ii) the amount for which the offender purchased the interest; (b) in any case—the difference between: (i) the market value of the interest; and (ii) the amount for which the offender purchased the interest.