Income Tax Assessment Act 1997

Chapter 4 inserted by No 162 of 2001.

Part 4-5 inserted by No 162 of 2001.

Div 768 heading substituted by No 110 of 2014, s 3 and Sch 2 item 3, applicable to distributions and non-share dividends made after 16 October 2014. Div 768 heading formerly read:

Division 768 - Exempt foreign income and gains

Div 768 inserted by No 96 of 2004.

Subdiv 768-R inserted by No 32 of 2006, s 3 and Sch 1 item 1, effective 6 April 2006.

S 768-930 repealed by No 133 of 2009, s 3 and Sch 1 item 62, applicable in relation to the ESS interests mentioned in subsections 83A-5(1) and (2) of the Income Tax (Transitional Provisions) Act 1997 . S 768-930 formerly read:

SECTION 768-930 Adjustment to notional gain or loss  
768-930(1)
If section 768-920 applies to the ^* share or right in relation to which the ^* CGT event happens because of subsection 768-920(1) , adjust your notional gain or loss by:

(a) firstly, applying the factor worked out under subsection 768-935(1), (2) or (3) to the amount of your notional gain or loss; and

(b) secondly, applying the factor worked under subsection 768-935(4) to the amount worked out under paragraph (a).

768-930(2)
If section 768-920 applies to the ^* share in relation to which the ^* CGT event happens because of subsection 768-920(2) , adjust your notional gain or loss by:

(a) firstly, applying the factor worked out under subsection 768-940(1), (2) or (3) to the amount of your notional gain or loss; and

(b) secondly, applying the factor worked out under subsection 768-940(4) to the amount worked out under paragraph (a).

S 768-930 inserted by No 32 of 2006, s 3 and Sch 1 item 1, applicable if the relevant CGT event happens on or after 1 July 2006.