INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 17B - Disposal of small business assets: proceeds used for retirement  

Subdivision E - Definitions  

SECTION 160ZZPZO   ACTUAL CONSIDERATION  

160ZZPZO(1)   [Interpretation]  

For the purposes of this Division, actual consideration means consideration disregarding the effect of subsection 160ZD(2) .

160ZZPZO(2)   [Obligations to pay or do]  

For the purposes of this Division, if the actual consideration in respect of the disposal of an asset is an obligation to pay money or do any other thing, the actual consideration is taken to be received when the money is paid or the other thing is done.