Disposal of the licence

The statute provides a number of situations that are within the rules. Any reference in ITA 2007, s. 805 to the disposal of a licence acquired in carrying on a trade (or to a disposal of a right to income under an agreement related to or containing a licence acquired in carrying on a trade (‘a licence-related agreement’)) specifically includes the following events (ITA 2007, s. 808):

Event A

The revocation of the licence.

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