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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.



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