INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
Where -
(a) a person is, or has been, the owner of a unit of industrial property which relates to a patent; and
(b) an amount is paid to that person in respect of the making, using, exercising or vending by the Commonwealth or a State, or by a person authorized by the Commonwealth or a State, of the patented invention for the purposes of the Commonwealth or the State,
that first-mentioned person shall, for the purposes of this Division, be deemed to have disposed of the unit in part, at the time of payment, in consideration of the payment of that amount.
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