Commonwealth Numbered Acts

INCOME TAX ASSESSMENT AMENDMENT (CAPITAL GAINS) ACT 1986 No. 52 of 1986 - SECT 3

3. Section 6 of the Principal Act is amended-
(a) by inserting after the definition of "resident" or "resident of Australia"
in sub-section (1) the following definition:

" 'return of income' means a return of income, or of profits or gains of a
capital nature, or of both income and such profits or gains;"; and
(b) by adding "or deriving profits or gains of a capital nature" at the end
of the definition of "taxpayer" in sub-section (1).