Document ID: chunk:federal_register_of_legislation:F2025L00273:reg:16
Version: federal_register_of_legislation:F2025L00273
Segment Type: reg
Provision Reference: reg 16
Character Range: 7413–8027

16  Application of asset disposal provisions where value of asset same or greater

        1.     This section applies if:

           1.     an asset is disposed by an individual to a company or trust; and
           2.     on 1 January 2002, the asset is owned by the company or trust; and
           3.     on 1 January 2002, the value of the asset is the same as, or greater than, it was at the time of its disposal.

        1.     The Commission must consider whether, in all the circumstances, the application of the asset disposal provisions would be unfair or unreasonable in relation to the individual.