Document ID: chunk:federal_register_of_legislation:C2005C00282:clause:2_73eb:p2
Version: federal_register_of_legislation:C2005C00282
Segment Type: clause
Provision Reference: sch 2 cl 73EB (pt 2/2)
Character Range: 38504–39569

to the transferee, then, in working out whether it applies to a subsequent disposal of the unit of plant by:
 (a) the transferee; or
 (b) one or more subsequent successive transferees;
this section has effect as if paragraph (1)(c) (which deals with deductions) were ignored.

Notice to allow transferee to work out how this section applies

 (6) The transferor must give the transferee a notice containing enough information about the transferor's holding of the unit of plant for the transferee to work out how this section applies to the transferee's holding of it.

 (7) The transferor must give the notice within 6 months after the end of the transferee's year of income in which the disposal mentioned in subsection (1) occurred, or within a longer period allowed by the Commissioner.

 (8) The transferee must keep the notice until the end of 5 years after the earlier of these events:
 (a) the transferee disposes of the unit;
 (b) the unit is lost or destroyed.

Penalty: 30 penalty units.

 (9) The Criminal Code applies to the offence in subsection (8).