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

Schedule 15   Value shifting

Part 5   Dictionary amendments

Income Tax Assessment Act 1997

77   Subsection 995-1(1)

Insert:

realised for income tax purposes :

(a) a gain is realised for income tax purposes as provided in sections 977-15, 977-35, 977-40 and 977-55; and

(b) a loss is realised for income tax purposes as provided in sections 977-10, 977-25, 977-30 and 977-55.