Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 170.65

Agreement transfers as much as can be transferred

             (1)  If the amount specified in an agreement exceeds the maximum amount that the * loss company can transfer to the * income company in the * deduction year, only that maximum amount is taken to have been transferred.

             (2)  O ne reason why an agreement might specify more than can be transferred is that an assessment has been amended since the agreement.



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