Commonwealth Consolidated Acts Commonwealth Consolidated ActsThis Subdivision provides that there is a deferral of a * capital loss or deduction if a company (the originating company ) that is a member of a * linked group disposes of a * CGT asset to, or creates a CGT asset in, another entity that:
(a) is a company that is also a member of the linked group; or
(b) is a connected entity of the originating company or an * associate of such a connected entity;
and the disposal or creation of the asset would have resulted in the originating company making a capital loss or becoming entitled to a deduction.
Table of sections
Operative provisions
170 - 255 Application of Subdivision
170 - 260 Linked group
170 - 265 Connected entity
170 - 270 Immediate consequences for originating company
170 - 275 Subsequent consequences for originating company
170 - 280 What happens if certain events happen in respect of the asset