Tax Laws Amendment (2013 Measures No. 2) Act 2013 (124 of 2013)

Schedule 2   Incentives for designated infrastructure projects

Part 1   Main amendments

Income Tax Assessment Act 1997

5   At the end of section 707-120


Designated infrastructure project entities

(5) Despite subsection (1A), the loss is transferred under subsection (1) to the full extent if:

(a) the loss is a *tax loss; and

(b) the joining entity is a *designated infrastructure project entity:

(i) at a time in the *loss year; and

(ii) just before the joining time.