Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 118 - Exemptions  

Subdivision 118-D - Insurance and superannuation  

SECTION 118-320   Segregated current pension assets of a complying superannuation entity  

118-320(1)    
A * capital gain or * capital loss that a * complying superannuation entity makes from a * CGT event happening in relation to a * segregated current pension asset is disregarded.

118-320(2)    

However, subsection (1) does not apply to a * capital gain if the capital gain would, if it were an amount of * ordinary income or * statutory income received by the * complying superannuation fund, be * non-arm ' s length income.