New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
Schedule 5 Consolidation: allocable cost amount for a joining trust
Part 2 Consequential amendment
Income Tax (Transitional Provisions) Act 1997
13 At the end of section 700-1
Add:
(2) Section 713-50 of theIncome Tax Assessment Act 1997 (about factors to consider in determining destination of distribution by non-fixed trust) applies for the purposes of this Part in the same way as it applies for the purposes of Part 3-90 of that Act.
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