New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)
Schedule 16 Demerger relief
Part 3 Consequential amendments
Income Tax Assessment Act 1997
43B At the end of section 975-150
Add:
(3) However, the right, power or option of an owner of*ownership interests in the*head entity of a*demerger group to*acquire, under a*demerger, ownership interests in the*demerged entity is not a right, power or option covered by subsection (1).
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