Income Tax Assessment Act 1997

Part 3-3 inserted by No 46 of 1998.

Div 152 inserted by No 165 of 1999 (as amended by No 173 of 2000).

S 152-50 to 152-80 substituted for s 152-50, 152-55 and 152-60 by No 55 of 2007 , s 3 and Sch 1 item 39, applicable to CGT events happening in the 2006-07 income year or later income years. S 152-60 formerly read:

SECTION 152-60 Meaning of CGT concession stakeholder  
152-60
CGT concession stakeholder of a company or trust means:

(a) a *controlling individual of the company or trust; or

(b) in the case of a company - a spouse of a controlling individual of the company, if the spouse holds the legal and equitable interests in any amount of shares in the company; or

(c) in the case of a trust mentioned in subsection 152-55(2) - a spouse of a controlling individual of the trust, if the spouse is beneficially entitled to any of the income or capital of the trust; or minor

(d) in the case of a trust mentioned in subsection 152-55(3) - a spouse of a controlling individual of the trust, if, during the income year referred to in that subsection, the trust made a distribution of income or capital to which the spouse was beneficially entitled.

S 152-60 inserted by No 165 of 1999 (as amended by No 173 of 2000).