Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 106.35

                   This Part and Part 3-3 apply to an act done by a liquidator of a company, or the holder of a similar office under a * foreign law, as if the act had been done instead by the company.

Example:    Ben, a liquidator of a company, sells a CGT asset of the company. Any capital gain or loss is made by the company, not by Ben.