Treasury Laws Amendment (Tax Reform No. 1) Act 2026 (49 of 2026)

Schedule 1   CGT adjustments

Part 3   Other amendments

Income Tax Assessment Act 1936

61   At the end of section 95AAA

Add:

Note: In this Division, a reference to Subdivision 115-C of the Income Tax Assessment Act 1997 includes a reference to that Subdivision as it applies because of Subdivision 115-CA of that Act (which extends the application of Subdivision 115-C in certain circumstances to trusts that would have net capital gains if indexation were disregarded): see subsection 115-255(5) of that Act.