Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-FA - How the thin capitalisation rules apply to consolidated groups and MEC groups  

Operative provisions

SECTION 820-593  

820-593   FRT disallowed amount cannot be applied for income year ending after the joining time  

To the extent that the * FRT disallowed amount is not transferred under section 820-590 from the joining entity to the * head company of the joined group, the FRT disallowed amount cannot be applied under paragraph 820-56(2)(b) by any entity in respect of an income year ending after the joining time.