Document ID: chunk:federal_register_of_legislation:C2013C00581:clause:2_8
Version: federal_register_of_legislation:C2013C00581
Segment Type: clause
Provision Reference: sch 2 cl 8
Character Range: 50606–51198

8  Paragraphs 152‑40(1)(a) and (b)
Repeal the paragraphs, substitute:
 (a) you own the asset (whether the asset is tangible or intangible) and it is used, or held ready for use, in the course of carrying on a *business that is carried on (whether alone or in partnership) by:
 (i) you; or
 (ii) your *affiliate; or
 (iii) another entity that is *connected with you; or
 (b) if the asset is an intangible asset—you own it and it is inherently connected with a business that is carried on (whether alone or in partnership) by you, your affiliate, or another entity that is connected with you.