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

44   Paragraph 705-93(1)(c)

Repeal the paragraph, substitute:

(c) the recipient company in relation to the Subdivision 126-B roll-over, or the transferee in relation to the section 160ZZO roll-over:

(i) was an Australian resident; and

(ii) is a *spread entity in relation to the joined group; and