New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

Schedule 14   Loss integrity rules: global method of valuing assets

Part 1   Income Tax Assessment Act 1997

2   At the end of subsection 165-115A(1B)

Add:

However, the choice does not affect the application of the*global method of working out whether the company has an unrealised net loss (see subsection 165-115E(2)).