FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993 (ARCHIVE)
PART 3
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INCOME TAX RELIEF FOR TRANSFERS
Division 8
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Tax losses
Subdivision B
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Tax losses and the Income Tax Assessment Act 1997
SECTION 26B (ARCHIVE)
26B
TRANSFER OF TAX LOSS FROM TRANSFERRING CORPORATION TO RECEIVING CORPORATION
In addition to its effect apart from this section, the Income Tax Assessment Act 1997 also has the effect it would have if Subdivision 170-A (which is about transferring tax losses within wholly-owned company groups) of that Act were replaced by Subdivision 170-A (which is a modified version of the rules in that Subdivision) in Schedule 1 to this Act.
In addition to its effect apart from this section, the Income Tax Assessment Act 1997 also has the effect it would have if Subdivision 170-A (which is about transferring tax losses within wholly-owned company groups) of that Act were replaced by Subdivision 170-A (which is a modified version of the rules in that Subdivision) in Schedule 1 to this Act.
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