Introduction Overview Chapter 2: Matters which are distributions Section 1010: Meaning of “qualifying index” in section 1009
2992.This section defines “qualifying index”. It is based on section 209A(3) of ICTA.
2993.The index must include shares of at least one company that is not either the issuing company or one of its associated companies, and those shares must be a “significant proportion” of the market value of the shares that make up the index.