Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 707.355

    In working out when a choice may be made under subsection   707 - 325(5), 707 - 327(5), 707 - 328A(4) or 707 - 350(5), ignore losses to which section   713 - 535 of the Income Tax Assessment Act 1997 applies.

Note:   That section deals with losses transferred under Subdivision   707 - A of that Act from certain wholly - owned subsidiaries of life insurance companies that are members of a consolidated group.

Table of sections

707 - 405   Special rules about losses referable to part of income year