Income tax: does subsection 80A(1) of the Income Tax Assessment Act 1936 require an unbroken compliance for the continuity of ownership test?

Taxation Determination TD 94/38 is withdrawn with effect from today.

Subsection 80A(1) of the Income Tax Assessment Act 1936 has been replaced by Division 165 of the Income Tax Assessment Act 1997. This Division incorporates the principles expressed in Taxation Determination TD 94/38.