New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 6 Consolidation: life insurance companies
Part 2 Consequential amendments
Income Tax Assessment Act 1997
6 At the end of subsection 705-25(5)
Add:
Note: There are some additional retained cost base assets for a joining entity that is a life insurance company: see Subdivision 713-L. The tax cost setting amount for those assets is worked out under that Subdivision.
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