New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 20 Consolidation: transfers of losses involving financial corporations
Financial Corporations (Transfer of Assets and Liabilities) Act 1993
4 At the end of section 170-5 in Schedule 1
Add:
(5) Special rules extend the scope of this Subdivision to let the head company of a consolidated group or MEC group transfer in some cases a tax loss the company incurred because of Subdivision 707-A. The rules do this by modifying the basis on which other provisions of this Subdivision operate.
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