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

31   At the end of section 112-110

Add:

Note 3: The reduced cost base may be further modified if the replacement asset roll-over happens after a demerger: see section 125-175.