Tax and Superannuation Laws Amendment (Norfolk Island Reforms) Act 2015 (53 of 2015)

Schedule 1   Income tax (including the Medicare levy)

Income Tax Assessment Act 1997

13   Section 112-97 (after table item 2)



CGT event happens to Norfolk Island asset

First element of cost base and reduced cost base

subsection 102-25(2) of the Income Tax (Transitional Provisions) Act 1997