Document ID: chunk:federal_register_of_legislation:C2019A00129:clause:1_4
Version: federal_register_of_legislation:C2019A00129
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 3429–4742

4  At the end of section 118‑110
Add:
 (3) However, this section does not apply if, at the time the *CGT event happens, you:
 (a) are an *excluded foreign resident; or
 (b) are a foreign resident who does not satisfy the *life events test.
 (4) You are an excluded foreign resident, at a particular time, if:
 (a) you are a foreign resident at that time; and
 (b) the continuous period ending at that time for which you have been a foreign resident is more than 6 years.
 (5) You satisfy the life events test, at the time a *CGT event happens, if:
 (a) the continuous period ending at that time for which you have been a foreign resident is 6 years or less; and
 (b) you are covered by any of the following subparagraphs:
 (i) you or your *spouse has had a *terminal medical condition that existed at any time during that period of foreign residency;
 (ii) your *child has had a terminal medical condition that existed at any time during that period of foreign residency, and that child was under 18 years of age at at least one such time;
 (iii) your spouse, or your child who was under 18 years of age at death, has died during that period of foreign residency;
 (iv) the CGT event happens because of a matter referred to in a paragraph of subsection 126‑5(1) involving you and your spouse (or former spouse).