Tax Laws Amendment (2012 Measures No. 2) Act 2012 (99 of 2012)

Schedule 3  

Part 3   Prospective rules

Income Tax Assessment Act 1997

34   After section 701-65

Insert:

701-67 Assets in this Part are CGT assets, etc.

This Part applies to an asset only if the asset is one or more of the following:

(a) a *CGT asset;

(b) a *revenue asset;

(c) a *depreciating asset;

(d) *trading stock;

(e) a thing that is or is part of a *Division 230 financial arrangement.