Document ID: chunk:federal_register_of_legislation:C2010C00637:clause:3_10
Version: federal_register_of_legislation:C2010C00637
Segment Type: clause
Provision Reference: sch 3 cl 10
Character Range: 15496–16062

10  Subsection 152‑125(1)
Repeal the subsection, substitute:

 (1) This section applies if:
 (a) under section 152‑110, a *capital gain of a company or trust is disregarded; or
 (b) under section 152‑110, an amount of income is treated as neither assessable income nor *exempt income of the company or trust; or
 (c) paragraph (a) of this subsection would have applied to an amount except that the *capital gain was disregarded anyway because the relevant *CGT asset was *acquired before 20 September 1985.
In this section, that amount is called the exempt amount.