Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:12_1
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 12 cl 1
Character Range: 149701–150287

1  At the end of section 170‑15
Add:

 (3) Despite subsection (1), if the *tax loss is transferred because the conditions in section 170‑32 are met, the *income company is taken to have incurred the tax loss for the income year for which the first prior transferor mentioned in that section incurred the tax loss.

 (4) Despite subsection (1), if the *tax loss is transferred because the condition in subsection 170‑42(4) is met, the *income company is taken to have incurred the tax loss for the income year for which that subsection assumes the income company incurred the tax loss.