Taxation Laws Amendment Act (No. 1) 2004 (101 of 2004)

Schedule 5   Consolidation: transitional foreign loss makers

Income Tax (Transitional Provisions) Act 1997

2   After paragraph 707-325(1)(c)

Insert:

(ca) neither the real loss-maker nor the value donor has been, at any time before the initial transfer time, a transitional foreign loss maker prevented by subsection 701D-10(1) from being a subsidiary member of a consolidated group; and