New Business Tax System (Consolidation, Value Shifting, Demergers and Other Measures) Act 2002 (90 of 2002)

Schedule 15   Value shifting

Part 5   Dictionary amendments

Income Tax Assessment Act 1997

55   Subsection 995-1(1)

Insert:

lesser benefits :

(a) under an*indirect value shift, has the meaning given by paragraph 727-150(3)(a); and

(b) under a*presumed indirect value shift, has the meaning given by paragraph 727-855(1)(c).