Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 5 Consolidation
Part 12 Removal of CGT event L7
Income Tax (Transitional Provisions) Act 1997
131 Application provision
(1) The amendments made by this Part apply on and after 1 July 2002.
(2) However, the amendments made by this Part do not apply in relation to a CGT event that:
(a) is CGT event L7; and
(b) happens before the day on which the Bill that became this Act was introduced into the House of Representatives; and
(c) gives rise to a capital loss.
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