Document ID: chunk:federal_register_of_legislation:F2025L00269:reg:15
Version: federal_register_of_legislation:F2025L00269
Segment Type: reg
Provision Reference: reg 15
Character Range: 4902–5552

15  Application of Division 7 of Part IIIB of Act where value of property same or greater

        1.     This section applies if:

           1.     property is transferred by an individual to a company or trust; and
           2.     on 1 January 2002, the property is owned or controlled by the company or trust; and
           3.     on 1 January 2002, the value of the property is the same as, or greater than, it was at the time of its transfer.

        1.     The Commission must consider whether, in all the circumstances, the application of Division 7 of Part IIIB of the Act would be unfair or unreasonable in relation to the individual.