Tax Laws Amendment (2007 Measures No. 2) Act 2007 (78 of 2007)

Schedule 7   Technical corrections

Income Tax Assessment Act 1997

13   Paragraph 58-85(1)(a)

Repeal the paragraph, substitute:

(a) a balance sheet, as at the end of an annual accounting period (the balance date ), that was prepared as part of the final accounts of the Commonwealth, a State, a Territory or an *exempt entity for that period showed the asset as an asset of the relevant entity and specified a value for it; and