Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)

Schedule 1   CGT exemption: disposing of small business retirement assets

Part 1   Amendment of the Income Tax Assessment Act 1936

Division 2   Amendment of superannuation-related provisions

42   Subsection 140ZO(1) (definition of Undeducted purchase price )

Repeal the definition, substitute:

Undeducted purchase price means the undeducted purchase price of the pension, reduced by so much of the purchase price of the pension as is taken, because of section 27D, to consist of an amount to which sub-subparagraph 27D(1)(b)(iii)(DA) applies.