Superannuation Legislation Amendment (Simplification) Act 2007 (15 of 2007)
Schedule 2 Small business relief for CGT events
Income Tax Assessment Act 1997
5 Subsection 152-310(2)
Repeal the subsection, substitute:
Additional consequences in relation to company or trust
(2) Any payment or part of one the company or trust makes to comply with section 152-325:
(a) is *exempt income of the *CGT concession stakeholder to whom it is made; and
(b) cannot be deducted from the company's or trust's assessable income.
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