Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 8   Accounting principles

Income Tax Assessment Act 1997

107   Paragraph 713-225(6)(a)

Omit "according to *accounting standards, or statements of accounting concepts made by the Australian Accounting Standards Board", substitute "in accordance with the *accounting principles that the partnership would use if it were to prepare its financial statements just before the joining time".