Income Tax Assessment Act 1997



Division 118 - Exemptions  

Subdivision 118-D - Insurance and superannuation  

SECTION 118-320   Segregated current pension assets of a complying superannuation entity  

A *capital gain or *capital loss that a *complying superannuation entity makes from a *CGT event happening in relation to a *segregated current pension asset is disregarded.


However, subsection (1) does not apply to a *capital gain if the capital gain would, if it were an amount of *ordinary income or *statutory income received by the *complying superannuation fund, be *non-arm ' s length income.


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