Document ID: chunk:federal_register_of_legislation:C2010C00615:clause:2_78
Version: federal_register_of_legislation:C2010C00615
Segment Type: clause
Provision Reference: sch 2 cl 78
Character Range: 128783–129253

78  At the end of section 115‑10
Add:
 ; or (d) a *life insurance company in relation to a *discount capital gain from a *CGT event in respect of a *CGT asset that is a *virtual PST asset.

Note: Section 115‑10 of the Income Tax (Transitional Provisions) Act 1997 provides that a capital gain made by a life insurance company or registered organisation after 11.45 am on 21 September 1999 and before 1 July 2000 may be a discount capital gain in certain circumstances.