Tax Laws Amendment (2004 Measures No. 7) Act 2005 (41 of 2005)

Schedule 7   STS roll-over

Income Tax Assessment Act 1997

3   Subsection 328-175(3) (note)

Repeal the note, substitute:

Note: A choice made by a transferor under this subsection for an asset applies also to the transferee if roll-over relief under subsection 40-340(3) is chosen: see section 328-245.

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