Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 5   Pre-joining time roll-overs

Income Tax Assessment Act 1997

45   Paragraph 705-93(1)(d)

Repeal the paragraph, substitute:

(d) if the recipient company was previously a *subsidiary member of another consolidated group - the conditions in section 104-182 were not satisfied at any time in relation to the other group between the Subdivision 126-B roll-over, or the section 160ZZO roll-over, and the joining time; and

46 Subsection 705-93(2)

Repeal the subsection, substitute:

(2) The step 3A amount is the amount of the *deferred roll-over gain or the *deferred roll-over loss mentioned in paragraph (1)(aa).