Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 2   Consolidation etc.

Part 4   Cost setting for assets that the head company does not hold under the single entity rule

Income Tax Assessment Act 1997

14   Section 701-60 (table item 1, column headed "If the asset's tax cost is set by:")

Omit "Cost to head company of assets that entity brings into group", substitute "Cost to head company of assets of joining entity".