Document ID: chunk:federal_register_of_legislation:C2024C00866:section:52faaa
Version: federal_register_of_legislation:C2024C00866
Segment Type: section
Provision Reference: s 52FAAA
Character Range: 754311–755133

52FAAA  Application of asset deprivation rules to cease in respect of certain assets
  If:
 (a) a person, or a person's partner, has:
 (i) acquired an asset; or
 (ii) received consideration that is not inadequate consideration for an asset; and
 (b) the value of the asset is included in the value of the person's assets by Subdivision BA or BB because of a previous disposition of the asset; and
 (c) the person has, by document lodged at an office of the Department in Australia in accordance with section 5T, notified the Department of the circumstances covered by paragraphs (a) and (b);
whichever of Subdivisions BA and BB is applicable ceases, from the start of the day on which the document is lodged, to apply in respect of that disposition of the asset.

Subdivision BA—Dispositions of assets before 1 July 2002