Treasury Laws Amendment (2019 Measures No. 3) Act 2020 (64 of 2020)
Schedule 3 Miscellaneous amendments
Part 2 Amendments commencing first day of the next quarter
Income Tax Assessment Act 1997
112 Section 727-125
Repeal the section, substitute:
727-125 No consequences if losing entity is a complying superannuation entity etc.
An *indirect value shift has no consequences under this Division if the *losing entity is one of the following in relation to the income year in which the indirect value shift happens:
(a) a *complying superannuation entity;
(b) a *non-complying superannuation fund;
(c) a *non-complying approved deposit fund.
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