Income Tax Assessment Act 1997



Division 707 - Losses for head companies when entities become members etc.  

Subdivision 707-A - Transfer of losses to head company  

Cancelling the transfer of the loss

SECTION 707-145   Cancelling the transfer of the loss  

The * head company of the joined group may choose to cancel the transfer of the loss.

If the * head company of the joined group does so, this Act (except this section) operates for all income years ending after the transfer as if it had not occurred under section 707-120 .

The choice cannot be revoked.


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