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

205   Paragraph 116CC(2)(c)

Repeal the paragraph, substitute:

(c) the whole of any non-exempt ordinary capital gain or ordinary capital loss is taken into account in determining the overall non-exempt capital gain or the overall capital loss for the general fund class.