Commonwealth Consolidated Acts Commonwealth Consolidated ActsLosses transferred to the head company of a consolidated group under Subdivision 707 - A can be utilised for an income year only against a fraction of the income or gains remaining after the company has utilised other losses and deductions.
Note: This Subdivision does not apply if the joining entity is a designated infrastructure project entity just before the transfer and the head company is a designated infrastructure project entity just after the transfer: see section 415 - 45.
Table of sections
Object
707 - 305 Object of this Subdivision
How much of a transferred loss can be utilised?
707 - 310 How much of a transferred loss can be utilised?
707 - 315 What is a bundle of losses?
707 - 320 What is the available fraction for a bundle of losses?
707 - 325 Modified market value of an entity becoming a member of a consolidated group
707 - 330 Losses transferred from former head company
707 - 335 Limit on utilising transferred losses if circumstances change during income year
707 - 340 Utilising transferred losses while exempt income remains
707 - 345 Other provisions are subject to this Subdivision