Tax Law Improvement Act (No. 1) 1998 (46 of 1998)

2   CGT (new Parts 3-1, 3-3 and 3-5)

3   Consequential amendment of the Income Tax Assessment Act 1936

140   Paragraph 73E(1)(a)

Repeal the paragraph, substitute:

(a) the disposal involves a CGT event for which there is a roll-over under Subdivision 126-B of the Income Tax Assessment Act 1997 (or would be, disregarding the exemption in section 118-5 of that Act, so far as it relates to a car, motor cycle or similar vehicle, or to an interest in one); and

Note: The heading to section 73E is replaced by the heading "Section 73B roll-over relief on disposal of unit of plant to another member of same wholly-owned group".