INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
View history note
Hide history noteIn this Part, unless the contrary intention appears, ``asset'' means any form of property and includes:
(a) any of the following:
(i) an option;
(ii) a debt;
(iii) a chose in action;
whether legal or equitable and whether or not a form of property;
(iv) any other right;
(aa) goodwill or any other form of incorporeal property;
(b) currency of a foreign country;
(c) (Omitted by No 191 of 1992)
(d) a taxpayer's interest in a partnership asset of a partnership in which the taxpayer is a partner; and
(e) so much of a taxpayer's interest in a partnership as is not covered by paragraph (d);
but does not include a motor vehicle of a kind covered by paragraph 82AF(2)(a) or an interest in such a motor vehicle.
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