Treasury Laws Amendment (Income Tax Consolidation Integrity) Act 2018 (14 of 2018)
Schedule 1 Consolidation
Part 2 Deferred tax liabilities
Income Tax Assessment Act 1997
9 Application
(1) The amendment made by item 7 of this Schedule applies in relation to an accounting liability of an entity that becomes a subsidiary member of a consolidated group or MEC group under an arrangement that commences (see Part 8 of this Schedule) on or after the start of the day on which the Bill that became this Act was introduced into the House of Representatives.
(2) The amendment made by item 8 of this Schedule applies in relation to an accounting liability of an entity that ceases to be a subsidiary member of a consolidated group or MEC group if the entity ceases to be a subsidiary member of the group under an arrangement that commences (see Part 8 of this Schedule) on or after the start of the day on which the Bill that became this Act was introduced into the House of Representatives.
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