New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 14 Loss integrity rules: global method of valuing assets
Part 3 Dictionary amendments
Income Tax Assessment Act 1997
18 Subsection 995-1(1)
Insert:
individual asset method :
(a) of working out whether a company has an unrealised net loss at a particular time, has the meaning given by section 165-115E; and
(b) of working out whether a company has an adjusted unrealised loss at a particular time, has the meaning given by section 165-115U.
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