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
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