Document ID: chunk:federal_register_of_legislation:C2019C00020:clause:3_5
Version: federal_register_of_legislation:C2019C00020
Segment Type: clause
Provision Reference: sch 3 cl 5
Character Range: 12992–13488

5  After subsection 152‑10(1)
Insert:

CGT small business entity
 (1AA) You are a CGT small business entity for an income year if:
 (a) you are a *small business entity for the income year; and
 (b) you would be a small business entity for the income year if each reference in section 328‑110 to $10 million were a reference to $2 million.
Note: For the purposes of subsection (1A) or (1B), in determining whether an entity would be a small business entity, see also sections 152‑48 and 152‑78.