Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1936 - SECT 410

    For the purposes of applying this Act in calculating the attributable income of the eligible CFC, Parts   3 - 1 and 3 - 3 of the Income Tax Assessment Act 1997 apply as if these provisions were disregarded:

  (a)   section   116 - 85 (about section   47A of this Act applying to a rolled - over asset);

  (b)   section   116 - 95 (about a company changing residence from an unlisted country);

  (c)   section   118 - 12 (about assets used to produce exempt income etc.);

  (d)   section   855 - 45 (about an individual or company becoming an Australian resident);

  (e)   section   855 - 55 (about a CFC becoming an Australian resident);

  (f)   Subdivision   170 - B (about transfer of net capital losses within company groups).