Tax Laws Amendment (2006 Measures No. 4) Act 2006 (168 of 2006)

Schedule 4   CGT and foreign residents

Part 3   Consequential amendments

Income Tax Assessment Act 1997

48   Subparagraph 124-240(f)(ii)

Omit "have the *necessary connection with Australia", substitute "were *taxable Australian property just before that time and the new shares are taxable Australian property when they are issued".