New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

Schedule 8   Consolidation: amendment of transitional provisions for losses

Income Tax (Transitional Provisions) Act 1997

3   Subsection 707-325(3)

Omit "the modified market value of the real loss-maker at the initial transfer time were increased by", substitute "there were added to the modified market value of the real loss-maker at the initial transfer time".


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).