Document ID: chunk:federal_register_of_legislation:C2004A00844:clause:1_6
Version: federal_register_of_legislation:C2004A00844
Segment Type: clause
Provision Reference: sch 1 cl 6
Character Range: 19971–20931

6                                               A *depreciating asset that an entity (the former holder) would, apart from this item, hold under this table (including by another application of this item) where a second entity (also the economic owner):                                                                          The economic owner and not the former holder
                                                (a) possesses the asset, or has a right as against the former holder to possess the asset immediately; and
                                                (b) has a right as against the former holder the exercise of which would make the economic owner the holder under any item of this table;
                                                and it is reasonable to expect that the economic owner will become its holder by exercising the right, or that the asset will be disposed of at the direction and for the benefit of the economic owner