Commonwealth Consolidated Acts

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WOOL SERVICES PRIVATISATION ACT 2000 - SECT 28

Certified demerger matters not to result in CGT event or assessable income

  (1)   For the purposes of the 1997 Tax Act, a certified demerger matter is not to be treated as being a CGT event or as giving rise to a CGT event.

  (2)   For the purposes of the 1936 Tax Act and the 1997 Tax Act, no amount is to be included in the assessable income of a person because of a certified demerger matter.



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