Tax Law Improvement Act (No. 1) 1998 (46 of 1998)
2 CGT (new Parts 3-1, 3-3 and 3-5)
3 Consequential amendment of the Income Tax Assessment Act 1936
130 Sub-subparagraph 46E(2)(a)(v)(B)
Repeal the sub-subparagraph, substitute:
(B) the asset-holding company acquired the asset on or after 20 September 1985, the disposal would have been a CGT event, and a capital gain or capital loss arising from the event would not have had to be disregarded (apart from a roll-over under Division 122, 124 or 126 of the Income Tax Assessment Act 1997 (except under Subdivision 124-J, 124-K or 124-L of that Act)); and
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