Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 11   Retained cost base assets

1   Division 1 - Cash management trusts

Income Tax Assessment Act 1997

120   Subsection 705-25(2)

Omit "paragraph (a) or (b)", substitute "paragraph (a), (b) or (ba)".

121 After paragraph 705-25(5)(b)

Insert:

(ba) a unit in a *cash management trust, if:

(i) the redemption value of the unit is expressed in Australian dollars; and

(ii) the redemption value of the unit cannot increase; or