Taxation Laws Amendment Act 1993 (Repealed) (17 of 1993)

Part 3   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 15   Amendments relating to capital gains tax (transfer of losses within company group)

50   Transfer of net capital loss within company group

Section 160ZP of the Principal Act is amended:

(a) by omitting from paragraph (7A)(a) and subparagraphs (7A)(b)(i) and (ii) "at the time when the agreement was made" and substituting "at the end of the gain year";

(b) by omitting from subparagraphs (7A)(b)(i) and (ii) "at that time" and substituting "at the end of the gain year".