‑1 Object
The purpose of this Division is to reduce a loss that would otherwise be *realised for income tax purposes by a *realisation event happening to an asset (except a *depreciating asset), to the extent that: (a) value has been shifted out of the asset by the owner creating in an associate a right over the asset; and (b) the value shifted was not brought to tax when the right was created and has not since been brought to tax on a realisation of the right.
Sourced from the Federal Register of Legislation at 25 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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