Tax Law Improvement Act 1997 (121 of 1997)

Schedule 5   Trading stock (and some related matters)

Part 3   Consequential amendment of the Income Tax Assessment Act 1936

44   Paragraph 6BA(3)(a)

Repeal the paragraph, substitute:

(a) the value of such of the original shares and bonus shares as the taxpayer elects under section 70-45 of the Income Tax Assessment Act 1997 to value at cost; and