Document ID: chunk:federal_register_of_legislation:C2004C00927:clause:6_77
Version: federal_register_of_legislation:C2004C00927
Segment Type: clause
Provision Reference: sch 6 cl 77
Character Range: 622288–622850

77  Paragraph 73E(6)(c)
Repeal the paragraph, substitute:
 (c) in relation to the year of income of the transferee in which the disposal took place, the component "days owned" in the formulae in sections 42-160 and 42‑165 of the Income Tax Assessment Act 1997 included the number of days in that year when the transferor both:
 (i) owned the unit, or was its quasi-owner within the meaning of Division 42 of the Income Tax Assessment Act 1997; and
 (ii) used it for the purpose of producing assessable income or had it installed ready for use for that purpose.