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

43B   At the end of section 975-150

Add:

(3) However, the right, power or option of an owner of*ownership interests in the*head entity of a*demerger group to*acquire, under a*demerger, ownership interests in the*demerged entity is not a right, power or option covered by subsection (1).