Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 250.10

    This Division applies to you and an asset at a particular time if:

  (a)   the general test in section   250 - 15 is satisfied in relation to you and the asset; and

  (b)   none of the exclusions in sections   250 - 20, 250 - 25, 250 - 30, 250 - 40 and 250 - 45 apply.