Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 830.110

    To avoid doubt, the fact that an entity becomes or ceases to be a * foreign hybrid in relation to an income year does not cause:

  (a)   a * CGT event to happen to any * CGT asset consisting of:

  (i)   any * share or interest in the entity; or

  (ii)   any interest in an asset of the entity; or

  (b)   a disposal or any other event to happen to any other asset consisting of such a share or interest.