VETERANS' ENTITLEMENTS ACT 1986 - SECT 52ZZW Individual disposes of asset to company or trust
VETERANS' ENTITLEMENTS ACT 1986 - SECT 52ZZW
Individual disposes of asset to company or trust(a) an individual transfers property to a company or trust on or after 1 January 2002; and
(i) as a result of the transfer, the individual became an attributable stakeholder of the company or trust; or
(ii) at the time of the transfer, the individual was an attributable stakeholder of the company or trust; and
(c) the transfer amounts to a disposal by the individual of an asset of the individual;
the Commission may, by writing, determine that Subdivisions BA and BB of Division 11 and sections 45UT and 45UTA apply to that disposal as if:
(d) the amount of the disposition were nil; or
(e) the amount of the disposition were reduced by the amount specified in the determination.
(2) In making a decision under this section, the Commission must
comply with any relevant decision - making principles.