Treasury Laws Amendment (2020 Measures No. 6) Act 2020 (141 of 2020)

Schedule 4   Minor and technical amendments

Part 2   Amendments commencing first day of first quarter after Royal Assent

Income Tax Assessment Act 1997

83   After subsection 116-30(2B)


(2C) Subsection (2) does not apply if:

(a) you are a *complying superannuation fund, a *complying approved deposit fund or a *pooled superannuation trust; and

(b) the *capital proceeds from the *CGT event exceed the *market value of the *CGT asset; and

(c) assuming the capital proceeds were your *statutory income, the proceeds would be *non-arm's length income.