Correction notice as at 15 September 2022: In ‘Tax Tips’ by TaxCounsel on page 136 of Volume 57(3) September 2022 issue, Taxation in Australia, there was error in the last sentence of the Background section, the sentence should have read: “References in this article to pre-CGT are references to before 20 September 1985, and references to post-CGT are references to after 19 September 1985”. The correct year is 1985 (not 1995 as previously published). The above versions have been updated.