Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_131
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 131
Character Range: 113928–114445

131  Application provision

(1) The amendments made by this Part apply on and after 1 July 2002.

(2) However, the amendments made by this Part do not apply in relation to a CGT event that:
 (a) is CGT event L7; and
 (b) happens before the day on which the Bill that became this Act was introduced into the House of Representatives; and
 (c) gives rise to a capital loss.

Part 13—Reduction in tax cost setting amount that exceeds market value of certain retained cost base assets

Income Tax Assessment Act 1997