s 707-355
In forceIgnore certain losses in working out when a choice can be made under this Subdivision
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 707Losses for head companies when entities become members etc.
Subdivision 707-CAmount of transferred losses that can be utilised
707-355 Ignore certain losses in working out when a choice can be made under this Subdivision
In working out when a choice may be made under subsection 707‑325(5), 707‑327(5), 707‑328A(4) or 707‑350(5), ignore losses to which section 713‑535 of the Income Tax Assessment Act 1997 applies.
Note:
That section deals with losses transferred under Subdivision 707‑A of that Act from certain wholly‑owned subsidiaries of life insurance companies that are members of a consolidated group.
Research tools for this sectionPro
The statute text is free to read above. View Pro plans to unlock the case-law research tools for each provision.