INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
CCH Note:
Below is material substituted or repealed as inoperative in s 124L by No 101 of 2006.
(a) became the owner of the unit by reason:
(i) of being the inventor of an invention and being granted a patent for that invention;
(ii) of being the first owner of the copyright to which the unit relates; or
and, before the unit came into existence, incurred expenditure of a capital nature directly in relation to devising the invention, producing the work or other subject-matter in which the copyright subsists or producing the design, as the case may be;
(iii) of being the author of the design to which the unit relates and obtaining the registration of that design,
124L(2) [Assignee]
Where the owner of a unit of industrial property:
(a) became the owner of the unit by reason of being granted a patent for an invention as the assignee of the inventor or by reason of obtaining the registration of a design as the assignee of the author of the design; and
(b) incurred expenditure of a capital nature in obtaining the assignment,
he shall, for the purposes of this Division, be deemed to have incurred that expenditure on the purchase of the unit of industrial property.
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