Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 118.85

  (1)   A * capital gain or * capital loss you make is disregarded if you make it from transferring a * CGT asset for no consideration to:

  (a)   a * special disability trust; or

  (b)   a trust that becomes a special disability trust as soon as practicable after the transfer.

  (2)   In working out whether the transfer was for consideration, disregard any interest in the trust.