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

36   Subsection 995-1(1) (definition of discount )

Repeal the definition, substitute:

discount : an*equity or loan interest is issued at a discount as provided in section 725-150.