INCOME TAX ASSESSMENT ACT 1997 - SECT 118.320 Segregated current pension assets of a complying superannuation entity

INCOME TAX ASSESSMENT ACT 1997 - SECT 118.320

  (1)   A * capital gain or * capital loss that a * complying superannuation entity makes from a * CGT event happening in relation to a * segregated current pension asset is disregarded.

  (2)   However, subsection   (1) does not apply to a * capital gain if the capital gain would, if it were an amount of * ordinary income or * statutory income received by the * complying superannuation fund, be * non - arm's length income.