Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 715.155

    A * CGT asset leaves a * loss denial pool:

  (a)   just after a * realisation event happens to the asset, unless the realisation event is the ending of an income year (in the case of an item of * trading stock); or

  (b)   as mentioned in subsection   715 - 120(2) (when it becomes an asset of the leaving entity).