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
53 Subsection 995-1(1) (definition of ownership interest )
Repeal the definition, substitute:
ownership interest : an ownership interest :
(a) in land or a*dwelling - has the meaning given by section 118-130; and
(b) in a company or trust - has the meaning given by section 125-60.
Copyright notice
© Australian Taxation Office for the Commonwealth of Australia
You are free to copy, adapt, modify, transmit and distribute material on this website as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).
