I understand it only to be CGT on Taxable Australian Property....
Taxable Australian property includes:
a direct interest in real property situated in Australia
a mining, quarrying or prospecting right to minerals, petroleum or quarry materials situated in Australia
a capital gains tax (CGT) asset that you have used at any time in carrying on a business through a permanent establishment in Australia
an indirect interest in Australian real property – you and your associates hold 10% or more of an entity, including a foreign entity, and the value of your interest is principally attributable to Australian real property.
Taxable Australian property also includes an option or right over one of the above.
