INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)
For the purposes of sections 82AG and 82AH , if a taxpayer who took property on hire under a hire-purchase agreement does or omits to do any act or thing that results in the person (in this section referred to as the owner ) from whom the taxpayer took the property on hire under that agreement obtaining possession of the property:
(a) the taxpayer is taken to have disposed of the property; and
(b) the disposal is taken to have occurred at the time when possession of the property was so obtained by the owner.
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