Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 149.70

  (1)   The asset stops being a * pre - CGT asset if the condition in subsection   149 - 60(1) is not satisfied.

  (2)   Also, Part   3 - 1 and this Part (except this Division) apply to the asset as if the entity had acquired it at the end of the * test day (as determined under subsection   149 - 55(4)).