New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 25   Value shifting

Income Tax Assessment Act 1997

9   Paragraph 727-715(4)(b)

Repeal the paragraph, substitute:

(b) the start of the most recent period (if any):

(i) that ended before or at the time of the *realisation event; and

(ii) throughout which at least one of the group entities had the same *ultimate controller as the losing entity or the gaining entity; and