Commonwealth Consolidated Acts Commonwealth Consolidated ActsParagraph 82AG(1)(a) of the Tax Act does not apply in relation to a disposal of property by the transferring body before the end of a particular period of 12 months if:
(a) the disposal took place during the reorganisation;
(b) the disposal was to a body corporate that was, at the time of the disposal, a new group company;
(c) the property was not, at any time during that period, owned by a person other than the transferring body or a body corporate that was a new group company at that time; and
(d) at no time during that period did a person who owned the property:
(i) lease it, let it on hire under a hire - purchase agreement or otherwise grant to another person a right to use it; or
(ii) use it outside Australia or for a purpose other than the purpose of producing assessable income.