Document ID: chunk:federal_register_of_legislation:C2017C00177:clause:1_34:p4
Version: federal_register_of_legislation:C2017C00177
Segment Type: clause
Provision Reference: sch 1 cl 34 (pt 4/4)
Character Range: 83828–84393

in respect of that capital gain; and
 (c) treat that capital gain as not being a discount capital gain.
 (6) Subsection 295‑390(1) of the Income Tax Assessment Act 1997 does not apply to the amount by which a net capital gain is increased (or comes into existence) as a result of subsection (5).
 (7) In this section:
2016‑17 non‑exempt proportion means 1 minus the proportion mentioned in subsection 295‑390(3) of the Income Tax Assessment Act 1997 in respect of the fund for the 2016‑17 income year.
deferred notional gain has the meaning given by subsection (4).