Income Tax Assessment Act 1997



Division 719 - MEC groups  

Subdivision 719-F - Losses  

Bundles of losses and their available fractions

SECTION 719-315   Further adjustment of available fractions for all bundles  

If, because of the application event:

(a) there is under section 719-305 an * available fraction for the * bundle of prior group losses; and

(b) section 719-310 affects the available fraction for one or more other bundles of losses;

this section affects the available fraction for every one of those bundles.

The available fraction (as affected by section 719-305 or 719-310 ) is reduced by multiplying it by this fraction:

  *Available fraction for the *bundle of prior group losses  
Sum of the *available fraction for every *bundle of
losses whose available fraction is affected by this section

For the purposes of working out the fraction in subsection (2), use the value of an * available fraction for a * bundle of losses apart from:

(a) this section; and

(b) if item 5 of the table in subsection 707-320(2) would apply as a result of the calculation of the available fraction in accordance with section 719-305 or 719-310 - that item.


Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.