Taxation Laws Amendment Act (No. 6) 2001 (169 of 2001)
Schedule 5 HIH rescue package
Part 1 Income tax consequences
Income Tax Assessment Act 1997
3 At the end of subsection 104-10(5)
Note 2: A capital gain or loss you make because you assign a right under or in relation to a general insurance policy you held with an HIH company to the Commonwealth, the trustee of the HIH Trust or a prescribed entity is also disregarded: see section 322-15.