New International Tax Arrangements (Managed Funds and Other Measures) Act 2005 (21 of 2005)

Schedule 1   CGT and foreign residents

Income Tax Assessment Act 1997

5   At the end of section 121-30

Add:

(2) However, the exceptions in this section do not apply to a *CGT event as a result of which a *capital gain or *capital loss is disregarded under Subdivision 768-H (about capital gains and losses of foreign residents through fixed trusts).