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

59   Subsection 124-795(1)

Omit "the replacement entity is an Australian resident or a *resident trust for CGT purposes", substitute "the replacement interest is *taxable Australian property".