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

Schedule 7   Technical corrections

Income Tax Assessment Act 1997

7   Paragraph 58-10(1)(a)

Repeal the paragraph, substitute:

(a) the asset was used by the Commonwealth, the State, the Territory or the exempt entity in carrying on a business and the purchaser or another entity uses the asset in carrying on the business; or