New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 10 Consolidation: consequential provisions for international tax
Income Tax Assessment Act 1936
2 Basic rule about application of section 160AFE
(1) Section 160AFE of the Income Tax Assessment Act 1936 as amended by this Schedule applies in relation to a taxpayer for each of its:
(a) income years starting after 30 June 2003; and
(b) non membership periods (if any) under section 701-30 of the Income Tax Assessment Act 1997 starting after 30 June 2003.
(2) This item does not apply in relation to a taxpayer to which item 3 applies.
Note: If you have a substituted accounting period, item 5 or 7 may apply instead of this item.
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