Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-3 - CAPITAL GAINS AND LOSSES: SPECIAL TOPICS  

Division 152 - Small business relief  

Subdivision 152-A - Basic conditions for relief under this Division  

Basic conditions for relief

SECTION 152-12   Special conditions for CGT event D1  

152-12(1)    
Paragraphs 152-10(1)(a) and (d) do not apply in the case of *CGT event D1.

152-12(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 ).