Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 415-10 What this Subdivision is about
The unutilised amounts of a designated infrastructure project entity ' s tax losses are increased each year by the long term bond rate. A designated infrastructure project entity is a fixed trust or company that:
The tests that apply in relation to tax losses and bad debts if there is a change of ownership of an entity are modified so that periods during which the entity is a designated infrastructure project entity are not tested.
The loss utilisation rules in Subdivision 707-C do not apply if the head company of a consolidated group is a designated infrastructure project entity after another designated infrastructure project entity joins the group.
Note:
The transfer rules in subsection 707-120(1A) do not apply if a designated infrastructure project entity joins a consolidated group: see subsection 707-120(5) .
| Uplift of tax losses | |
| 415-15 | Uplift of tax losses of designated infrastructure project entities |
| 415-20 | Designated infrastructure project entity |
| Change of ownership of trusts and companies | |
| 415-25 | Tax losses of trusts |
| 415-30 | Bad debts written off etc. by trusts |
| 415-35 | Tax losses of companies |
| 415-40 | Bad debts written off by companies |
| Consolidated groups | |
| 415-45 | Losses transferred to head companies of consolidated groups |
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