Taxation Laws Amendment (Self Assessment) Act 1992 (101 of 1992)

SCHEDULE 2   AMENDMENTS OF THE INCOME TAX ASSESSMENT ACT 1936 RELATING TO NOTICES AND REQUESTS

*   Paragraph 160ZP(7)(c)

Omit all the words from and including "give", substitute "agree to treat as a capital loss incurred by the gain company during the gain year the proportion of the whole or a part of the net capital loss that has not been taken into account in determining:

(i) whether a net capital gain accrued to the loss company; or

(ii) whether the loss company incurred a net capital loss;

in respect of the year of income next following the loss year;".