Treasury Laws Amendment (2018 Measures No. 5) Act 2019 (15 of 2019)

Schedule 1   AMIT technical amendments

Income Tax Assessment Act 1997

4   Subsection 104-107A(2)

Repeal the subsection, substitute:

(2) The time of the event is:

(a) if subparagraph (1)(b)(i) applies - the time at which the reduction occurs under section 104-107B; or

(b) if subparagraph (1)(b)(ii) applies - the time at which the *cost base would have been reduced under subsection 104-107B(2) during the income year if the cost base had been greater than nil at the start of the income year.