Income Tax Assessment Act 1997
View history note
Hide history noteA * direct value shift does not have consequences for any entity under this Division if:
(a) section 725-90 applies, and the state of affairs referred to in paragraph 725-90(1)(a) ceases to exist; and
(b) the direct value shift would not have happened but for that state of affairs ceasing to exist.
725-95(2)
However, if section 725-90 stops applying, this section is taken never to have applied to the later direct value shift.
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