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Financial Corporations (Transfer of Assets and Liabilities) Act 1993
19For the receiving corporation, asset is taxable Australian property
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19 For the receiving corporation, asset is taxable Australian property
Parts 3‑1 and 3‑3 of the Income Tax Assessment Act 1997 apply to an asset acquired by the receiving corporation as a result of a transfer as if the asset is, while it is an asset of the receiving corporation, taxable Australian property.