Published on 01 Dec 03
by "TAXATION IN AUSTRALIA" JOURNAL ARTICLE
There are a variety of circumstances in which the owner of an asset may be compulsorily deprived of ownership of the asset by virtue of the operation of a statutory provision.
Familiar examples are provided where land is compulsorily acquired by a Government authority, but there are circumstances in which other kinds of assets may be effectively compulsorily acquired in some instances
otherwise than by a Government authority.