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

70   Paragraph 23AH(7)(d)

Repeal the paragraph, substitute:

(d) the taxpayer's asset does not have the necessary connection with Australia;