INCOME TAX ASSESSMENT ACT 1997 (ARCHIVE)
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-1
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CAPITAL GAINS AND LOSSES: GENERAL TOPICS
Division 118
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Exemptions
Subdivision 118-A
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General exemptions
SECTION 118-14 (ARCHIVE)
118-14
GST Direct Assistance Certificate
A *capital gain or *capital loss you make in the 1999-2000 or 2000-01 income year is disregarded if the gain or loss is from a *CGT event that happens when you use a certificate that:
(a) is commonly called a GST Direct Assistance Certificate; and
(b) is issued to you by an organisation known as the GST Start-Up Assistance Office in the Department of the Treasury; and
(c) is expressed to have a maximum value of $200.
A *capital gain or *capital loss you make in the 1999-2000 or 2000-01 income year is disregarded if the gain or loss is from a *CGT event that happens when you use a certificate that:
(a) is commonly called a GST Direct Assistance Certificate; and
(b) is issued to you by an organisation known as the GST Start-Up Assistance Office in the Department of the Treasury; and
(c) is expressed to have a maximum value of $200.
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