Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 315.10

                   Disregard a * capital gain or * capital loss of an entity from a * CGT event that happens in relation to a * CGT asset if:

                     (a)  the CGT asset forms part of the estate of a deceased individual who is mentioned in paragraph 315-5(b); and

                     (b)  the entity is the deceased individual's * legal personal representative or a beneficiary in the deceased individual's estate; and

                     (c)  the CGT asset devolves to the entity or * passes to the entity; and

                     (d)  the CGT event happens under a demutualisation to which this Division applies; and

                     (e)  the CGT asset is covered by section 315-20.