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 3   Dictionary amendments

Income Tax Assessment Act 1997

18   Subsection 995-1(1)

Insert:

individual asset method :

(a) of working out whether a company has an unrealised net loss at a particular time, has the meaning given by section 165-115E; and

(b) of working out whether a company has an adjusted unrealised loss at a particular time, has the meaning given by section 165-115U.