Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p11
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 11/29)
Character Range: 2225378–2227967

(1) A *capital gain or *capital loss you make from a *CGT event relating to your interest in the copyright in a film is disregarded if an amount is included in your assessable income under section 26AG (about film proceeds) of the Income Tax Assessment Act 1936 because of the event.
 (2) If you are a partner in a partnership, a *capital gain or *capital loss you make from a *CGT event relating to the partnership's interest in the copyright in a film is disregarded if an amount is included in the assessable income of a partner (including you) under section 26AG of that Act because of the event.
 (3) If you are absolutely entitled to an interest in the copyright in a film as against the trustee of a trust (disregarding any legal disability), a *capital gain or *capital loss you make from a *CGT event relating to the interest is disregarded if an amount is included in your assessable income or the net income of the trust under section 26AG of that Act because of the event.

118‑35  R&D
  Disregard a *capital gain or *capital loss from a *CGT event if an amount is included in your assessable income in any income year under section 355‑410 (about disposal of R&D results) because of that CGT event.

Exempt or loss‑denying transactions

118‑37  Compensation, damages etc.
 (1) A *capital gain or *capital loss you make from a *CGT event relating directly to any of these is disregarded:
 (a) compensation or damages you receive for:
 (i) any wrong or injury you suffer in your occupation; or
 (ii) any wrong, injury or illness you or your *relative suffers personally;
 (b) compensation or damages you receive as the trustee of a trust (other than a trust that is a *complying superannuation entity) for:
 (i) any wrong or injury a beneficiary of the trust suffers in his or her occupation; or
 (ii) any wrong, injury or illness a beneficiary of the trust, or the beneficiary's relative, suffers personally;
 (ba) a *CGT asset you receive, as a beneficiary of a trust, from the trustee of the trust to the extent that the CGT asset is attributable to compensation or damages that the trustee receives as described in paragraph (b) for:
 (i) any wrong or injury you suffer in your occupation; or
 (ii) any wrong, injury or illness you or your relative suffers personally;
 (c) gambling, a game or a competition with prizes;
 (g) a tobacco industry exit grant that you receive under the program known as the Tobacco Growers Adjustment Assistance Programme 2006 if, as a condition of receiving the grant, you entered into an undertaking not to become the owner or operator of any