51ABNAcquisition of assets

51ABN Acquisition of assets

(1) The acquisitions provisions apply in relation to any of the following that is not an asset in the same way as they apply in relation to an asset:

(a) any kind of property;

(b) a legal or equitable right that is not property;

(c) without limiting paragraphs (a) and (b):

(i) part of, or an interest in, an asset referred to in paragraph (a) or (b); or

(ii) goodwill or an interest in it; or

(iii) an interest in an asset of a partnership; or

(iv) an interest in a partnership that is not covered by subparagraph (iii).

(2) For the purposes of the acquisitions provisions, the reference in paragraph 4(4)(b) to an acquisition of an asset in the ordinary course of business is taken not to apply if the asset is:

(a) land, or an interest in land; or

(b) a patent, or an interest in a patent.