New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)

Schedule 1   Consolidation: assessable income and deductions spread over several membership or non-membership periods

Income Tax Assessment Act 1997

4   Subsection 995-1(1)

Insert:

spreading period for an amount has the meaning given by sections 716-15, 716-25, 716-70 and 716-100.

Note: Those sections deal with assessable income and deductions spread over several periods of membership or non-membership of a consolidated group or MEC group.