Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 106.30

             (1)  For the purposes of this Part and Part 3-3, the vesting of the individual's * CGT assets in the trustee under the Bankruptcy Act 1966 or under a similar foreign law is ignored.

             (2)  This Part and Part 3-3 apply to an act done in relation to a * CGT asset of an individual in these circumstances as if it had been done by the individual:

                     (a)  as a result of the bankruptcy of the individual by the Official Trustee in Bankruptcy or a registered trustee, or the holder of a similar office under a * foreign law;

                     (b)  by a trustee under a personal insolvency agreement made under Part X of the Bankruptcy Act 1966 , or under a similar instrument under a foreign law;

                     (c)  by a trustee as a result of an arrangement with creditors under that Act or a foreign law.