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".