FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993 (ARCHIVE)
SCHEDULE 2
Conditions for transfer
SECTION 170-133 (ARCHIVE)
THE TRANSFER YEAR
170-133(1)
The *transfer year must either:
(a) end at the end of the *notional transfer year; or
(b) correspond to the income year of the *loss company that next follows the *notional transfer year.
170-133(2)
Also, the *transfer year must be one of the 10 income years after the income year in which the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 commenced.
NET CAPITAL LOSSES AND THE INCOME TAX ASSESSMENT ACT 1997
Part 1 - Replacement of sections 170-110 to 170-145
View history note
Hide history noteThe *transfer year must either:
(a) end at the end of the *notional transfer year; or
(b) correspond to the income year of the *loss company that next follows the *notional transfer year.
170-133(2)
Also, the *transfer year must be one of the 10 income years after the income year in which the Financial Corporations (Transfer of Assets and Liabilities) Act 1993 commenced.
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