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

Schedule 4   CGT and foreign residents

Part 2   Other amendments

Income Tax Assessment Act 1997

10   Subsection 104-170(3)

Omit all the words after "time of the event", substitute:

except one that is *taxable Australian property:

(a) covered by item 1 or 3 of the table in section 855-15; or

(b) covered by item 4 of that table because it is an option or right to *acquire a *CGT asset covered by item 1 or 3 of that table.