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

Schedule 5   Consolidation

Part 6   Phasing out over-depreciation adjustments

2   Division 2 - Repeal of section 705-50 with effect from 1 July 2009

Income Tax (Transitional Provisions) Act 1997

78   Application provision

The amendments made by this Division apply in relation to entities that become members of a consolidated group or MEC group on or after 1 July 2009.