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

Schedule 16   Demerger relief

Part 3   Consequential amendments

Income Tax Assessment Act 1997

21   At the end of section 102-20

Add:

Note 4: The capital loss may be affected if the CGT asset was owned by a member of a demerger group just before a demerger: see section 125-170.