Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52zzw
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52ZZW
Character Range: 897560–898447

52ZZW  Individual disposes of asset to company or trust
 (1) If:
 (a) an individual transfers property to a company or trust on or after 1 January 2002; and
 (b) either:
 (i) as a result of the transfer, the individual became an attributable stakeholder of the company or trust; or
 (ii) at the time of the transfer, the individual was an attributable stakeholder of the company or trust; and
 (c) the transfer amounts to a disposal by the individual of an asset of the individual;
the Commission may, by writing, determine that Subdivisions BA and BB of Division 11 and sections 45UT and 45UTA apply to that disposal as if:
 (d) the amount of the disposition were nil; or
 (e) the amount of the disposition were reduced by the amount specified in the determination.
 (2) In making a decision under this section, the Commission must comply with any relevant decision‑making principles.