Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 415.45

Losses transferred to head companies of consolidated groups

                   Subdivision 707-C (Amount of transferred losses that can be utilised) does not apply to a loss transferred under Subdivision 707-A (Transfer of previously unutilised losses to head company), if:

                     (a)  just before the transfer, the transferor of the loss was a * designated infrastructure project entity; and

                     (b)  just after the transfer, the transferee of the loss is a designated infrastructure project entity.

Guide to Subdivision 415-C



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