New Business Tax System (Integrity and Other Measures) Act 1999 (Incorporating amendments up to Act No. 78 of 2001) (169 of 1999)

Schedule 9   Concessions for capital gains by individuals and some other entities

Part 2   Consequential amendments

2   Division 2 - Amendments consequential on defining complying superannuation entity

Income Tax Assessment Act 1997

28   Section 128-10 (note 1)

Repeal the note, substitute:

Note 1: Section 104-215 sets out an exception to this rule if the CGT asset passes to a beneficiary in your estate who is:

· an exempt entity; or

· the trustee of a complying superannuation entity; or

· not an Australian resident.