Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1936 - SECT 121ED

Meaning of trade with a person

    A person ( the trader ) is said to trade with another person in a thing if:

  (a)   the trader, for the purpose of trading in the thing, acquires it on issue from the other person; or

  (b)   the trader, for the purpose of trading in the thing, buys it from the other person; or

  (c)   the trader, in trading in the thing, sells it to the other person.


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