New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 26   Loss integrity rules: global method of valuing assets

Income Tax Assessment Act 1997

3   Paragraph 165-115ZD(5)(a)

Repeal the paragraph, substitute:

(a) it is reasonable to conclude that the thing was not attributable to value that is reflected in what would, if that last alteration time had been a *changeover time for the company, be a notional capital gain or notional revenue gain that the company had under section 165-115F at that changeover time in respect of a *CGT asset; or