Commonwealth Consolidated Acts

TAX LAWS AMENDMENT (2009 MEASURES NO. 2) ACT 2009 - SCHEDULE 3

Income Tax Assessment Act 1997

1   Paragraph 118 - 37(1)(h)

Repeal the paragraph, substitute:

  (h)   a right or entitlement to a * tax offset, a * deduction, or a similar benefit under an * Australian law, a * foreign law or a law of part of a foreign country;

2   Application

The amendment made by this Schedule applies in relation to a CGT event happening in:

  (a)   the 2009 - 10 income year; or

  (b)   a later income year.