What Happens if the Asset Intended to be Sold Could Not Be Sold by the Due Date?

In this case, the ATO may overlook the failure to implement the divestment strategy. 

To do so the ATO will need to be satisfied that:

• the trustees took all reasonable steps to implement the asset divestment strategy;
• the inability to sell the assets was due to factors beyond the control of the trustees; and
• the reason for the in-house assets ratio becoming excessive is due to the decline in market value of non in-house assets.