Income Tax Assessment Act 1997
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Hide history noteSECTION 719-315 Further adjustment of available fractions for all bundles 719-315(1)
If, because of the application event:
(a) there is under section 719-305 an * available fraction for the * bundle of prior group losses; and
(b) section 719-310 affects the available fraction for one or more other bundles of losses;
this section affects the available fraction for every one of those bundles.
719-315(2)
The available fraction (as affected by section 719-305 or 719-310 ) is reduced by multiplying it by this fraction:
|
*Available fraction for the *bundle of prior group losses
Sum of the *available fraction for every *bundle of losses whose available fraction is affected by this section |
719-315(3)
For the purposes of working out the fraction in subsection (2), use the value of an * available fraction for a * bundle of losses apart from:
(a) this section; and
(b) if item 5 of the table in subsection 707-320(2) would apply as a result of the calculation of the available fraction in accordance with section 719-305 or 719-310 - that item.
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