Taxation Laws Amendment Act (No. 3) 1997 (147 of 1997)

Schedule 14   Gains and losses

Part 1   Income Tax Assessment Act 1936 (revenue losses)

8   Subsection 50H(10)

Repeal the subsection, substitute:

(10) In subsection (9):

(a) a reference to the non-derivation, or to the derivation, of income includes a reference to the non-accrual, or to the accrual, as the case may be, of a capital gain; and

(b) a reference to the doing of an act includes a reference to the happening of an event or the existence of a matter or circumstance.