Document ID: chunk:federal_register_of_legislation:C2006A00082:clause:7_5
Version: federal_register_of_legislation:C2006A00082
Segment Type: clause
Provision Reference: sch 7 cl 5
Character Range: 35516–36091

5  Subsection 1123(1) (note)
Repeal the note, substitute:

Note 1: If Part 3.14A or 3.14B applies in relation to the transfer by a person of a qualifying interest or an eligible interest in a farm or relevant farm asset, that transfer and certain transfers by the person's partner are taken not to be disposal of assets (see sections 1185D and 1185T).

Note 2: Under Division 4 of Part 2.24, certain transfers of assets to special disability trusts can be taken not to be disposals of the assets (but this can be subject to a limit on the aggregate value of the transfers).