Treasury Laws Amendment (2019 Measures No. 3) Act 2020 (64 of 2020)

Schedule 3   Miscellaneous amendments

Part 2   Amendments commencing first day of the next quarter

Income Tax Assessment Act 1997

112   Section 727-125

Repeal the section, substitute:

727-125 No consequences if losing entity is a complying superannuation entity etc.

An *indirect value shift has no consequences under this Division if the *losing entity is one of the following in relation to the income year in which the indirect value shift happens:

(a) a *complying superannuation entity;

(b) a *non-complying superannuation fund;

(c) a *non-complying approved deposit fund.