Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:1_59
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 1 cl 59
Character Range: 106262–106725

59  Subsection 170‑255(2)
Repeal the subsection, substitute:

 (2) Despite subsection (1):
 (a) this Subdivision does not apply because of *CGT event B1 if title in the *CGT asset does not pass to the other entity when the agreement ends; and
 (b) this Subdivision does not apply if the deferral event involves the *acquisition of a greater than 50% interest in a CGT asset by an entity other than an entity referred to in subparagraph (1)(e)(i), (ii) or (iii).