Tax Laws Amendment (2008 Measures No. 2) Act 2008 (38 of 2008)

Schedule 1   Amounts misappropriated by an employee or agent

Part 2   Capital gains and losses

Income Tax Assessment Act 1997

10   At the end of section 116-10 (before the note)

Add:

(7) The sixth relates to misappropriation by an employee or agent. It is relevant if your employee or agent misappropriates all or part of the capital proceeds from a CGT event.