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

Schedule 14   Loss integrity rules: global method of valuing assets

Part 1   Income Tax Assessment Act 1997

10   Subsection 165-115U(1)

After "this way", insert "(the individual asset method ), unless the company chooses to work it out using the*global method (set out in subsection (1B))".