Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)
Schedule 5 Consolidation
Part 7 Leaving time liabilities
1 Division 1 - Timing
Income Tax Assessment Act 1997
80 Subsection 711-20(1) (cell at table item 2, column headed "What the step requires")
Omit "the *terminating value of the assets that the leaving entity takes with it", substitute "the *terminating value of the leaving entity's assets just before the leaving time".
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