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
91 Subsections 24P(3) and (4)
Repeal the subsections, substitute:
(3) Despite Division 121 of the Income Tax Assessment Act 1997, the taxpayer is not required to keep records of the date of acquisition of the asset, or its cost base on 30 June 1991.
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