Document ID: chunk:federal_register_of_legislation:C2024C00267:section:4:p30
Version: federal_register_of_legislation:C2024C00267
Segment Type: section
Provision Reference: s 4 (pt 30/64)
Character Range: 777299–780101

effect of the above paragraphs:
 (i) the changes are taken not to have resulted in a CGT event in respect of the entity; and
 (ii) in so far as this Subdivision applies to a member of the entity because of a particular change, the change is taken not to have resulted in a CGT event in respect of the member in relation to the member's interests in the entity.

960‑115  Certain entities treated as agents
  A declaration made by the Commissioner for the purposes of paragraph (b) of the definition of agent in subsection 995‑1(1) of the Income Tax Assessment Act 1997 and in force immediately before the Tax Laws Amendment (2006 Measures No. 2) Act 2006 received the Royal Assent continues to have effect for the purposes of section 960‑105 of the Income Tax Assessment Act 1997.

Subdivision 960‑M—Indexation

Table of sections
960‑262 Application of Subdivision 960‑M of the Income Tax Assessment Act 1997
960‑275 Indexation factor

960‑262  Application of Subdivision 960‑M of the Income Tax Assessment Act 1997
 (1) Subdivision 960‑M of the Income Tax Assessment Act 1997 (about indexation) applies to assessments for the 1998‑99 income year and later income years (except so far as it affects the car depreciation limit).
 (2) For the car depreciation limit (see section 42‑80 of the Income Tax Assessment Act 1997), that Subdivision applies to the 1998‑99 financial year and later financial years.

960‑275  Indexation factor
 (1) This section applies to a CGT asset that:
 (a) is a share in a company that was issued or allotted to you by the company or a unit in a unit trust that was issued to you by the trustee; and
 (b) you acquired before 16 August 1989; and
 (c) you owned just before the start of the 1998‑99 income year.
 (2) In working out the cost base of the cost base of the asset, you ignore subsection 960‑275(3) and use the indexation factor in subsection 960‑275(2).

Endnotes

Endnote 1—About the endnotes
The endnotes provide information about this compilation and the compiled law.

The following endnotes are included in every compilation:

Endnote 1—About the endnotes
Endnote 2—Abbreviation key
Endnote 3—Legislation history
Endnote 4—Amendment history

Abbreviation key—Endnote 2
The abbreviation key sets out abbreviations that may be used in the endnotes.

Legislation history and amendment history—Endnotes 3 and 4
Amending laws are annotated in the legislation history and amendment history.

The legislation history in endnote 3 provides information about each law that has amended (or will amend) the compiled law. The information includes commencement details for amending laws and details of any application, saving or transitional provisions that are not included in this compilation.

The amendment history in endnote 4 provides information about amendments at