(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