Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 (10 of 2016)

Schedule 1   CGT treatment of earnout rights

Part 2   Preserving small business concessions

Income Tax Assessment Act 1997

15   After subsection 152-305(1A)


(1B) For the purposes of (but without limiting) subsection (1A), you are treated as receiving the *capital proceeds in instalments if:

(a) the *CGT event happened because you *disposed of the *CGT asset; and

(b) the capital proceeds from the disposal are increased by one or more *financial benefits that you receive under a *look-through earnout right.

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