Taxation Laws Amendment Act (No. 5) 2003 (142 of 2003)

Schedule 7   Application of same business test

Part 1   Tax losses

Division 2   Consequential amendments

Income Tax Assessment Act 1997

9   Subparagraph 707-125(2)(a)(ii)

Repeal the subparagraph, substitute:

(ii) the income year that included the *test time worked out for section 165-13 for the joining entity (disregarding paragraph (b) of this subsection), if that income year started before the trial year; and