Income Tax Assessment Act 1997
Subdivision 707-C (Amount of transferred losses that can be utilised) does not apply to a loss transferred under Subdivision 707-A (Transfer of previously unutilised losses to head company), if:
(a) just before the transfer, the transferor of the loss was a * designated infrastructure project entity; and
(b) just after the transfer, the transferee of the loss is a designated infrastructure project entity.
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