Income Tax Assessment Act 1997
View history note
Hide history noteIf:
(a) before the *Timor Sea Maritime Boundaries Treaty entered into force, you owned an intangible *CGT asset connected with undertaking *transitioned petroleum activities; and
(b) your ownership of the asset ended when that treaty entered into force; and
(c) the ending of your ownership occurred in connection with the entry into force of that treaty;
the ending of your ownership is not a *CGT event.
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