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
191 Subsection 110(1)
Insert:
unmodified ordinary income amount for a notional CGT event means an amount that (apart from sections 116CB and 116CC) would be included in assessable income in respect of the event under:
(a) section 6-5 or 15-15 of the Income Tax Assessment Act 1997; or
(b) section 25A of this Act.
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