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

160   Subsection 110(1)

Insert:

modified ordinary income amount for a notional CGT event means an amount that (apart from sections 116CB and 116CC) would be included in assessable income under:

(a) section 6-5 or 15-15 of the Income Tax Assessment Act 1997; or

(b) section 25A of this Act;

in respect of the event if Division 10 of Part IX of this Act applied in respect of the event.