INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-1 - CAPITAL GAINS AND LOSSES: GENERAL TOPICS  

Division 104 - CGT events  

Subdivision 104-I - Australian residency ends  

SECTION 104-166   104-166   Subsection 104-165(1) still applies if you continue to be a short term Australian resident  
Subsection 104-165(1) of the Income Tax Assessment Act 1997 continues to apply, despite its repeal by item 20 of Schedule 1 to the Tax Laws Amendment (2006 Measures No. 1) Act 2006 , to an individual:


(a) who is in Australia on the day on which that item receives the Royal Assent; and


(b) who remains an Australian resident from that day until the time subsection 104-165(1) is applied in respect of him or her.




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