Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

2   CGT (new Parts 3-1, 3-3 and 3-5)

3   Consequential amendment of the Income Tax Assessment Act 1936

163   Subsection 110(1) (definition of non-fund asset)

Repeal the definition, substitute:

non-fund asset, in relation to a notional CGT event, means a CGT asset that was not included in any of the insurance funds immediately before the event.