Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 108.5

                   If:

                     (a)  an entity owned a thing that is not a form of property before 26 June 1992 and at all times from that day to the start of the entity's 1998-99 income year; and

                     (b)  that thing was not, before 26 June 1992, an asset as defined in former section 160A of the Income Tax Assessment Act 1936 ;

the thing is not a CGT asset.

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