Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 152.12

             (1)  Paragraphs 152-10(1)(a) and (d) do not apply in the case of * CGT event D1.

             (2)  Instead, it is a basic condition that the right you create that triggers the * CGT event must be inherently connected with a * CGT asset of yours that satisfies the active asset test (see section 152- 35).

Maximum net asset value test