Acquisition of assets
(1) The acquisitions provisions apply in relation to any of the following that is not an asset in the same way as they apply in relation to an asset: (a) any kind of property; (b) a legal or equitable right that is not property; (c) without limiting paragraphs (a) and (b): (i) part of, or an interest in, an asset referred to in paragraph (a) or (b); or (ii) goodwill or an interest in it; or (iii) an interest in an asset of a partnership; or (iv) an interest in a partnership that is not covered by subparagraph (iii). (2) For the purposes of the acquisitions provisions, the reference in paragraph 4(4)(b) to an acquisition of an asset in the ordinary course of business is taken not to apply if the asset is: (a) land, or an interest in land; or (b) a patent, or an interest in a patent.
Sourced from the Federal Register of Legislation at 22 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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