Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 1   CGT adjustments

Part 3   Other amendments

Income Tax Assessment Act 1997

79A   At the end of section 152-205

Add:

(2) In working out for the purposes of subsection (1) whether the basic conditions in Subdivision 152-A are satisfied, disregard paragraph 152-10(1AA)(b).