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INCOME TAX ASSESSMENT ACT 1997 - SECT 620.20
Disregard body's capital gains and losses from CGT assets
(1) This section applies if:
(a) the body * disposes of a * CGT asset to the company because
the body ceases to exist; or
(b) another * CGT event happens to a CGT asset of the body
because the body ceases to exist.
(2) A * capital gain or a * capital loss the body makes from the
* CGT asset is disregarded.
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