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

462   Paragraph 418A(1)(f)

Repeal the paragraph, substitute:

(f) if subsection 160M(8) of this Act, or section 104-160 of the Income Tax Assessment Act 1997 (CGT event I1), applied to the change of residence for the purposes of the application of this Act apart from this Part:

(i) section 412 applies as if subsections 412(2) and (3) referred only to the market value of the asset concerned; and

(ii) section 414 applies as if paragraphs 414(3)(b) and (4)(b) referred only to the market value of the asset concerned.