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

30   Subsection 128-25(1)

Repeal the subsection, substitute:

(1) This section has rules about *cost base and *reduced cost base that are relevant if you die and a *CGT asset you owned just before dying *passes to a beneficiary in your estate who (when the asset passes) is the trustee of a *complying superannuation entity.

Note: A capital gain or loss is also made: see section 104-215.