INCOME TAX ASSESSMENT ACT 1997 - SECT 723.35 Multiple rights created to take advantage of the $50,000 threshold
INCOME TAX ASSESSMENT ACT 1997 - SECT 723.35
Multiple rights created to take advantage of the $50,000 threshold(1) Sections 723 - 10 and 723 - 15 apply differently if, having regard to all relevant circumstances, it is reasonable to conclude that the sole or main reason why a right was created as a different right from one or more other rights created in respect of the same thing was so that paragraph 723 - 10(1)(f) or 723 - 15(1)(d) would not be satisfied for one or more of the rights mentioned in this subsection.
(a) apply to that thing, in relation to each of the rights mentioned in subsection (1) of this section, as if paragraphs 723 - 10(1)(f) and 723 - 15(1)(d) were omitted; and
(b) are taken always to have so applied.