FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993 (ARCHIVE)
SCHEDULE 1
Subdivision 170-A
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Transfer of tax losses from a transferring corporation to a receiving corporation
Conditions for transfer
SECTION 170-32 (ARCHIVE) 170-32 THE LOSS YEAR
The *loss year must be either:
(a) the income year in which the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 commenced; or
(b) an earlier income year.
TAX LOSSES AND THE INCOME TAX ASSESSMENT ACT 1997
*To find definitions of asterisked terms, see the Dictionary, starting at section 995-1 of the Income Tax Assessment Act 1997 .
SECTION 170-32 (ARCHIVE) 170-32 THE LOSS YEAR
The *loss year must be either:
(a) the income year in which the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 commenced; or
(b) an earlier income year.
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