Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 723.1

  (1)   Division   723 applies to a realisation event happening on or after 1   July 2002 to a CGT asset that, at the time of the event:

  (a)   is not a depreciating asset; or

  (b)   is an item of trading stock; or

  (c)   is a revenue asset.

  (2)   Paragraph   723 - 10(1)(b) or 723 - 15(1)(b) applies to a right created on or after 1   July 2002.

Table of sections

725 - 1   Application of Division   725