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

347   Section 124ZW (definition of ordinary 160Z loss amount)

Repeal the definition, substitute:

ordinary capital loss for a CGT event means any capital loss that would (apart from this Subdivision) arise from the event.