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

Schedule 16   Demerger relief

Part 3   Consequential amendments

Income Tax Assessment Act 1997

26   At the end of subsection 104-155(5)

Add:

; or (g) a company or a trust that is a member of a*demerger group issues new*ownership interests under a*demerger.

Note: For demergers, see Division 125.