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

433   Paragraph 401(1)(a)

After "disposal of an asset,", insert "or to take into account the capital proceeds from a CGT event happening in relation to a CGT asset,".

Note: The heading to section 401 is replaced by the heading "Reduction of disposal consideration or capital proceeds where attributed income not distributed".