## Commonwealth Consolidated Acts

[Index]
[Table]
[Search]
[Search this Act]
[Notes]
[Noteup]
[Previous]
[Next]
[Download]
[Help]

###
INCOME TAX ASSESSMENT ACT 1997 - SECT 719.315

**Further adjustment of available fractions for all bundles**
(1) If, because of the application event:

(a) there is under section 719- 305 an
* available fraction for the * bundle of prior group losses; and

(b) section 719- 310 affects the available fraction for one or more
other bundles of losses;

this section affects the available fraction for *every *one of those bundles.

(2) The *available fraction *(as affected by section 719- 305 or 719-
310) is reduced by multiplying it by this fraction:

(3) For the purposes of working out the fraction in subsection (2),
use the value of an
* available fraction for a * bundle of losses apart from:

(a) this section; and

(b) if item 5 of the table in subsection 707-320(2) would
apply as a result of the calculation of the available fraction in accordance
with section 719- 305 or 719- 310--that item.

**AustLII:** Copyright Policy
**|** Disclaimers
**|** Privacy Policy
**|** Feedback