Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 2   Various amendments relating to consolidated groups

Part 2   Cost base and reduced cost base of pre-CGT assets

Income Tax Assessment Act 1997

4   At the end of subsection 705-65(1)

Add:

Note: Under section 716-855, if membership interests are pre-CGT assets that have been subject to certain roll-overs, the cost base and reduced cost base are worked out in the same way as if they were post-CGT assets.