Commonwealth of Australia Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 115.100

                   The discount percentage for an amount of a * discount capital gain is:

                     (a)  50% if the gain is made:

                              (i)  by an individual; or

                             (ii)  by a trust (other than a trust that is a * complying superannuation entity or * FHSA trust); or

                     (b)  33 1 / 3 % if the gain is made:

                              (i)  by a complying superannuation entity; or

                           (iia)  by an FHSA trust; or

                             (ii)  by a * life insurance company from a * CGT asset that is a * complying superannuation/FHSA asset.

Guide to Subdivision 115-C