Treasury Laws Amendment (Timor Sea Maritime Boundaries Treaty) Act 2019 (59 of 2019)

Schedule 2   Other amendments

Income Tax Assessment Act 1997

9   Section 11-55 (table item headed "tax loss transfers")

After:

consideration received by loss company from income company, net capital loss


170-125(1)

insert:

consideration received for transfer of tax losses relating to transitioned petroleum activities


417-70