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
86 Paragraph 768-540(1)(c)
Repeal the paragraph, substitute:
(c) the asset is not any of the following:
(i) *taxable Australian property;
(ii) a *membership interest in a company that is an Australian resident;
(iii) a membership interest in a *resident trust for CGT purposes;
(iv) an option or right to acquire a membership interest mentioned in subparagraph (ii) or (iii); and