Document ID: chunk:federal_register_of_legislation:C2010C00406:clause:4_1
Version: federal_register_of_legislation:C2010C00406
Segment Type: clause
Provision Reference: sch 4 cl 1
Character Range: 73011–73730

1     (a) the joining entity owed a debt just before the joining time to an entity that was not a *member of the group at the joining time; and                                                                                  the total net forgiven amount mentioned in subsection 245‑105(1) in that Schedule  applying that total net forgiven amount in accordance with subsections 245‑105(5), (6), (7) and (8) of that Schedule.
      (b) the loss is wholly or partly attributable to the debt; and
      (c) Subdivision 245‑E in Schedule 2C to the Income Tax Assessment Act 1936 applies in relation to the debt (or another debt that is reasonably connected to the debt) because the debt is forgiven after the joining time