Income Tax Assessment Act 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-90 - CONSOLIDATED GROUPS
Division 707 - Losses for head companies when entities become members etc.
Subdivision 707-A - Transfer of losses to head company
SECTION 707-100 What this Subdivision is about
A loss made by an entity before the time it becomes a member of a consolidated group is transferred to the head company of the group at that time if the entity could have utilised the loss had the entity not become a member of the group.