New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 15 Value shifting
Part 4 Consequential amendment of the Income Tax Assessment Act 1936
16 Paragraph 245-85(1)(b) in Schedule 2C
After "forgiveness of the debt", insert "(except a reduction under Division 727 (indirect value shifting) of theIncome Tax Assessment Act 1997)".
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