Commonwealth Consolidated Acts Commonwealth Consolidated Acts(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 asset or a * segregated exempt asset of the company.