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

265   Paragraphs 116GA(2)(e) and (f)

Repeal the paragraphs, substitute:

(e) any ordinary capital gain or ordinary capital loss is to be disregarded;

(f) any modified capital gain or modified capital loss is taken into account in determining the overall capital gain or overall capital loss for the CS/RA class.