Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 2   Various amendments relating to consolidated groups

Part 6   Adjustments for errors etc.

Taxation Administration Act 1953

24   Subsection 284-150(3) in Schedule 1 (formula)

Repeal the formula, substitute:

Tax on capital gain * [1 - (Adjusted reset cost base asset setting amount / Original reset cost base asset setting amount)]