Taxation Laws Amendment Act (No. 2) 1996 (76 of 1996)

Schedule 1   Amendment of the Income Tax Assessment Act 1936: various measures

Part 4   Repeal of section 261

40   Section 419 (subparagraph (i) of the paragraph (1)(a) substituted by that section for paragraph 160ZZO(1)(a))


Omit all the words before sub-subparagraph (A), substitute:

(i) a company (the transferor) that is a CFC, and a resident of a listed country, at a particular time disposed of an asset (a roll-over asset) at that time to another company (the transferee), where any of the following sub-subparagraphs apply:

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