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

Schedule 2   Consolidation: miscellaneous changes to asset cost provisions

Income Tax Assessment Act 1997

14   Paragraph 705-45(a)

Repeal the paragraph, substitute:

(a) the joining entity*acquired, at or before 11.45 am, by legal time in the Australian Capital Territory, on 21 September 1999, a*depreciating asset to which Division 40 applies and held the asset continuously until the joining time; and