Tax Law Improvement Act 1997 (121 of 1997)
Schedule 5 Trading stock (and some related matters)
Part 3 Consequential amendment of the Income Tax Assessment Act 1936
44 Paragraph 6BA(3)(a)
Repeal the paragraph, substitute:
(a) the value of such of the original shares and bonus shares as the taxpayer elects under section 70-45 of the Income Tax Assessment Act 1997 to value at cost; and
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