Tax Laws Amendment (2007 Measures No. 3) Act 2007 (79 of 2007)

Schedule 3   Capital gains of testamentary trusts

Income Tax Assessment Act 1997

1   Before paragraph 103-25(3)(a)

Insert:

(aa) subsection 115-230(3) (relating to assessment of *capital gains of resident testamentary trusts) requires a trustee to make a choice by the time specified in subsection 115-230(5); and