Tax and Superannuation Laws Amendment (2015 Measures No. 6) Act 2016 (10 of 2016)
Schedule 1 CGT treatment of earnout rights
Part 2 Preserving small business concessions
Income Tax Assessment Act 1997
17 Paragraph 292-100(4)(b)
Repeal the paragraph, substitute:
(b) the entity makes a payment to you before the later of:
(i) 2 years after the CGT event; and
(ii) if the CGT event happened because the entity *disposed of the relevant *CGT asset - 6 months after the latest time a possible *financial benefit becomes or could become due under a *look-through earnout right relating to that CGT asset and the disposal; and
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