INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART IIIA - CAPITAL GAINS AND CAPITAL LOSSES  

Division 7A - Units in pooled superannuation trusts  

SECTION 160ZYEB   160ZYEB   DISPOSAL OF UNITS IN PSTs BY COMPLYING SUPERANNUATION FUNDS AND OTHER TAX-ADVANTAGED ENTITIES  
This Part does not apply in respect of the disposal by a taxpayer of a unit in a unit trust if:


(a) the unit trust is a PST, within the meaning of Part IX, in relation to the year of income of the unit trust in which the disposal occurred; and


(b) any of the following subparagraphs applies in relation to the taxpayer:


(i) the taxpayer is the trustee of a complying superannuation fund , a complying ADF or a PST, within the meaning of Part IX, in relation to the year of income of the taxpayer in which the disposal occurred;

(ii) the taxpayer is a life assurance company (within the meaning of Division 8 of Part III) and, immediately before the disposal of the unit, the unit was included in a tax-advantaged insurance fund (within the meaning of section 111B) of the taxpayer;

(iii) the taxpayer is a registered organization (within the meaning of Division 8A of Part III) and, immediately before the disposal of the unit, the unit was held by the taxpayer solely in respect of tax-advantaged business (within the meaning of section 116GC ) of the taxpayer.

 

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