Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.45

                   This Division does not apply to you and an asset at a particular time if:

                     (a)  you request the Commissioner to make a determination under this subsection; and

                     (b)  the Commissioner determines that it is unreasonable that the Division should apply to you and the asset at that time, having regard to:

                              (i)  the circumstances because of which this Division would apply to you and the asset; and

                             (ii)  any other relevant circumstances.

Tax preferred use of asset