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

40   At the end of subsection 124-10(3)

Add:

Note 5: The reduced cost base may be modified for a roll-over happening after a demerger: see section 125-175.