Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 5 Consolidation
Part 5 Pre-joining time roll-overs
Income Tax Assessment Act 1997
40 Section 705-60 (table item 3A)
Repeal the item, substitute:
|
3A |
For each step 3A amount (if any) under section 705-93 (which is about pre-joining time roll-overs): (a) if the step 3A amount is a *deferred roll-over loss - add to the result of step 3 (as affected by any previous application of this step) the step 3A amount; or (b) if the step 3A amount is a *deferred roll-over gain - subtract from the result of step 3 (as affected by any previous application of this step) the step 3A amount |
To adjust for certain roll-overs before the joining time affecting deferred gains and losses |