Income Tax Assessment Act 1997
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Hide history noteSECTION 124-605 Change of lessor 124-605(1)
You treat a lease of land (whether or not it is a *Crown lease) granted to you (the fresh lease ) as being a renewal of your original right if:
(a) after the grant of the original right, the land (the original land ) to which it related became vested in an *Australian government agency (other than the one that granted the original right); and
(b) the second agency granted you the fresh lease over:
(i) the original land; or
(ii) the original land less an excised area; or
(iii) the original land and other land; and
(c) the fresh lease was granted under an *Australian law (other than the common law).
124-605(2)
You do this even if there is a period between the end of the original right and the grant of the fresh lease if you continued to occupy the original land during that period under a permission, licence or authority granted by the second agency.
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