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

Schedule 8   Consolidation: amendment of transitional provisions for losses

Income Tax (Transitional Provisions) Act 1997

3   Subsection 707-325(3)

Omit "the modified market value of the real loss-maker at the initial transfer time were increased by", substitute "there were added to the modified market value of the real loss-maker at the initial transfer time".