New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)
Schedule 5 Consolidation: allocable cost amount for a joining trust
Part 1 New provisions inserted in the Income Tax Assessment Act 1997
4 At the end of section 711-65
Modification if leaving entity is a trust
(8) If the leaving entity is a trust, a*membership interest in it is not taken into account under this section unless the membership interest is either a unit or an interest in the trust.