Document ID: chunk:federal_register_of_legislation:C2010C00261:clause:4_42
Version: federal_register_of_legislation:C2010C00261
Segment Type: clause
Provision Reference: sch 4 cl 42
Character Range: 45057–45613

42  Subsection 122‑25(7)
Repeal the subsection, substitute:

 (7) If you are a trustee of a trust at the time of the trigger event, either:
 (a) at that time, the trust must be a *resident trust for CGT purposes and the company must be an Australian resident; or
 (b) both of the following requirements must be satisfied:
 (i) each *CGT asset must be a CGT asset of the trust that is *taxable Australian property at that time; and
 (ii) the shares in the company mentioned in subsection 122‑20(1) must be taxable Australian property just after that time.