Taxation Laws Amendment Act (No. 8) 2003 (107 of 2003)

Schedule 2   Various amendments relating to consolidated groups

Part 2   Cost base and reduced cost base of pre-CGT assets

Income Tax (Transitional Provisions) Act 1997

6   After section 701-5

Insert:

701-7 Working out the cost base or reduced cost base of a pre-CGT asset after certain roll-overs

Section 716-855 applies for the purposes of this Division in the same way as that section applies for the purposes of Part 3-90 of the Income Tax Assessment Act 1997.