New Business Tax System (Integrity and Other Measures) Act 1999 (Incorporating amendments up to Act No. 78 of 2001) (169 of 1999)

Schedule 4   Transfers of assets within company groups

Income Tax Assessment Act 1997

4   Paragraph 126-55(1)(a)

Repeal the paragraph, substitute:

(a) either:

(i) the trigger event would have resulted in the originating company making a *capital gain, or making no *capital loss and not being entitled to a deduction; or

(ii) the originating company *acquired the roll-over asset before 20 September 1985; and