Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)

Schedule 2   Consolidation etc.

Part 5   Partnership leaving consolidated group

Income Tax Assessment Act 1997

31   After subsection 713-225(6)


Partnership overall foreign losses - working out allocable cost amount

(6A) Sections 705-100 and 705-110 operate as if a loss of the partnership of a *sort covered by any of paragraphs 701-1(4)(d) to (g) were a loss of that sort of the joining entity, to the extent of the joining entity's individual share of the loss.