Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 2   Forestry managed investment schemes

Income Tax Assessment Act 1936

1   After subsection 82KZMGA(1)


(1A) Paragraph (1)(b) does not apply to a CGT event if:

(a) the CGT event happens because of circumstances outside the taxpayer's control; and

Example: The interest is compulsorily acquired.

(b) when the taxpayer acquired the interest, the taxpayer could not reasonably have foreseen the CGT event happening.