Document ID: chunk:federal_register_of_legislation:C2010C00261:clause:4_44
Version: federal_register_of_legislation:C2010C00261
Segment Type: clause
Provision Reference: sch 4 cl 44
Character Range: 46108–46676

44  Subsection 122‑135(7)
Repeal the subsection, substitute:

 (7) For a partner who is a trustee of a trust at the time of the trigger event, either:
 (a) at that time, the trust must be a *resident trust for CGT purposes and the company must be an Australian resident; or
 (b) both of the following requirements must be satisfied:
 (i) each *CGT asset must be a CGT asset of the trust that is *taxable Australian property at that time; and
 (ii) the shares in the company mentioned in subsection 122‑130(1) must be taxable Australian property just after that time.