s 723-1
In forceApplication of Division 723
Chapter 3Specialist liability rules
Part 3-95Value shifting
Division 723Direct value shifting by creating right over non‑depreciating asset
723-1 Application of Division 723
(1)
Division 723 applies to a realisation event happening on or after 1 July 2002 to a CGT asset that, at the time of the event:
(a)
is not a depreciating asset; or
(b)
is an item of trading stock; or
(c)
is a revenue asset.
(2)
Paragraph 723‑10(1)(b) or 723‑15(1)(b) applies to a right created on or after 1 July 2002.
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