New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

Schedule 15   Value shifting

Part 5   Dictionary amendments

Income Tax Assessment Act 1997

21   Subsection 995-1(1)

Insert:

active participant :

(a) in a*scheme under which there is a*direct value shift, has the meaning given by subsection 725-65(2); and

(b) in a*scheme under which there is an*indirect value shift, has the meaning given by subsection 727-530(3).