Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 118.350

             (1)  A * capital gain or * capital loss an entity makes from a * CGT event happening in relation to a unit in a unit trust is disregarded if:

                     (a)  the trust is a * pooled superannuation trust for the income year in which the event happened; and

                     (b)  one of the conditions in subsection (2) is satisfied.

             (2)  The entity must be:

                     (a)  the trustee of a * complying superannuation entity for the income year in which the * CGT event happened; or

                     (b)  a * life insurance company and, just before the event happened, the unit must have been a * complying superannuation/FHSA asset or a * segregated exempt asset of the company.

Guide to Subdivision 118-F