Document ID: chunk:federal_register_of_legislation:C2010C00622:clause:1_2
Version: federal_register_of_legislation:C2010C00622
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 6409–6919

2  Section 317 (definition of disposal)
Repeal the definition, substitute:

disposal of an asset includes:
 (a) redemption; and
 (b) a disposal that would be taken to occur under section 160ZZOA (about companies ceasing to be related after a roll‑over) if the assumptions in paragraphs 383(a) to (c) applied.

Note: Basically, the effect of those assumptions is that the company concerned is taken to be a taxpayer and a resident and may therefore be taken to have disposed of an asset under section 160ZZOA.