Document ID: chunk:federal_register_of_legislation:C2004C00958:clause:1_2
Version: federal_register_of_legislation:C2004C00958
Segment Type: clause
Provision Reference: sch 1 cl 2
Character Range: 309613–310437

2                                          You *acquired the asset before 20 September 1985       The market value of the asset

Note: There are rules for working out what are the liabilities in respect of an asset: see section 122‑37.

Disposal of all the assets of a business

 (2) One of the requirements in this table must be satisfied if:

 (a) you *dispose of all the assets of a *business; and

 (b) the company undertakes to discharge one or more liabilities in respect of the assets of the business.

  (The market value, or the *cost base, of an asset is worked out when you disposed of it.)

What amount the liabilities cannot exceed
Item                                       In this situation:                                                                               The liabilities cannot exceed: