Income Tax Assessment Act 1936

PART III - LIABILITY TO TAXATION  

Division 10E - PDFs (pooled development funds)  

Subdivision C - Adjustments of the tax treatment of capital gains and capital losses of PDFs  

SECTION 124ZZD   124ZZD   NO NET CAPITAL LOSS  

The company does not make a net capital loss for the year of income, despite section 102-10 of the Income Tax Assessment Act 1997 .