Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 715.125

    The first choice is to reduce the * adjustable value of each leaving asset to nil. The choice has effect accordingly, just before the leaving time. The * loss denial balance of the * head company's * loss denial pool is not reduced because of it.

Note:   The consequences of the choice are worked out under section   715 - 145.