Income Tax (Consequential Amendments) Act 1997 (39 of 1997)

Schedule 4   Consequential amendments of the Financial Corporations (Transfer of Assets and Liabilities) Act 1993

22   Before subsection 24(1)

Insert:

(1A) This section does not enable a right to a deduction for an amount of a loss to be transferred in the 1997-98 year of income or a later year of income.