Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor the purposes of step 3 in the table in subsection 711 - 20(1), the step 3 amount is the total, for all liabilities owed by * members of the old group to the leaving entity at the leaving time, of the * tax cost setting amounts of the corresponding assets of the leaving entity.
Note: The tax cost of a corresponding asset of the leaving entity is set under section 701 - 45. The tax cost setting amount of the corresponding asset is determined under section 701 - 60A.