Tax and Superannuation Laws Amendment (2014 Measures No. 7) Act 2015 (21 of 2015)
Schedule 3 CGT exemption for compensation and insurance
Income Tax Assessment Act 1997
5 Subsection 118-300(1) (at the end of the table)
Add:
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7 |
A policy of insurance against an individual suffering an illness or injury |
the trustee of a *complying superannuation entity for the income year in which the *CGT event happened |