Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-45 - RULES FOR PARTICULAR INDUSTRIES AND OCCUPATIONS  

Division 415 - Designated infrastructure projects  

Subdivision 415-B - Tax losses and bad debts  

Consolidated groups

SECTION 415-45  

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.