Document ID: chunk:federal_register_of_legislation:C2025C00014:section:94e
Version: federal_register_of_legislation:C2025C00014
Segment Type: section
Provision Reference: s 94E
Character Range: 620707–621418

94E  Continuity of business test
  In determining whether a limited partnership is a corporate limited partnership in relation to a year of income, the partnership passes the continuity of business test if, and only if:
 (a) at all times during the period:
 (i) beginning on 19 August 1992; and
 (ii) ending at the end of the year of income;
  the partnership carried on the same business as it carried on immediately before the beginning of that period; and
 (b) the partnership did not, at any time during that period, derive income from a business of a kind that it did not carry on, or from a transaction of a kind that it had not entered into in the course of its business operations, before that period.