Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:2_16
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 2 cl 16
Character Range: 118391–118955

16  Subsection 116E(1) (definition of modified capital gain)
Repeal the definition, substitute:

modified capital gain for a notional CGT event means any capital gain (excluding a discount capital gain within the meaning of the Income Tax Assessment Act 1997 but including, in respect of a registered organisation that is a beneficiary of a trust estate, any capital gain notionally included under subsection 115‑215(3) of that Act) that would (apart from this Division) arise from the event if Division 10 of Part IX of this Act applied in respect of the event.