Document ID: chunk:federal_register_of_legislation:C2024C00267:section:3:p9
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 3 (pt 9/9)
Character Range: 219405–220359

the income year in which the disposal occurred.
 (5) That Division applies as if paragraph 45‑10(5)(a) were replaced by this provision:
 (a) it is included in that assessable income under a provision of this Act outside this Division and Parts 3‑1 and 3‑3 (about capital gains and losses); or
 (6) That Division applies as if this section were added at the end of that Division:

45‑40  Application of Division to plant formerly owned by exempt entities
 (1) There are the consequences set out in this table for a transition entity that disposes of the plant, interest in plant or interest (or part) in a partnership to an entity specified in subsection (3).

Consequences for transition entities
Item                                  In this situation:                                                                                                                                                                            There are these consequences: