Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 417.65

    If:

  (a)   before the * Timor Sea Maritime Boundaries Treaty entered into force, you owned an intangible * CGT asset connected with undertaking * transitioned petroleum activities; and

  (b)   your ownership of the asset ended when that treaty entered into force; and

  (c)   the ending of your ownership occurred in connection with the entry into force of that treaty;

the ending of your ownership is not a * CGT event.