Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 620.20

  (1)   This section applies if:

  (a)   the body * disposes of a * CGT asset to the company because the body ceases to exist; or

  (b)   another * CGT event happens to a CGT asset of the body because the body ceases to exist.

  (2)   A * capital gain or a * capital loss the body makes from the * CGT asset is disregarded.