Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 6/95)
Character Range: 5562001–5564910

268 in that Schedule if the trust was a designated infrastructure project entity during the whole of the income year: see paragraphs 266‑30(c), 266‑80(1)(d) and (2)(c), 266‑115(b), 266‑155(2)(b), 267‑60(b) and 272‑100(f) in that Schedule.
 (5) For the purposes paragraph 268‑20(4)(b) in that Schedule, disregard any part of the first of the successive periods during which the trust is a *designated infrastructure project entity.

415‑30  Bad debts written off etc. by trusts

Scope
 (1) This section applies to a debt to which paragraph 266‑35(1)(a), 266‑85(1)(a) or (2)(a), 266‑120(1)(a), 266‑160(1)(a) or (b), 267‑25(1)(a) or 267‑65(1)(a) in Schedule 2F to the Income Tax Assessment Act 1936 applies, if the trust is a *designated infrastructure project entity at a time (the status time) in the income year in which the debt was incurred.

Modifications of Schedule 2F to the Income Tax Assessment Act 1936
 (2) Despite paragraph 266‑35(1)(b), 266‑85(1)(b) or (2)(b), 266‑120(1)(b), 266‑160(2)(a), 267‑25(1)(b) or 267‑65(1)(a) in that Schedule, for the purposes of sections 266‑40 and 266‑45, section 266‑90, subsections 266‑125(1) and (2), subsections 266‑165(1) and (2), sections 267‑40 and 267‑45 or sections 267‑70 and 267‑75 in that Schedule (whichever are applicable), the test period starts at the first time:
 (a) that occurs after the status time; and
 (b) at which the trust is not a *designated infrastructure project entity.
 (3) For the purposes of section 267‑30 in that Schedule, disregard any part of an income year during which the trust is a *designated infrastructure project entity.

415‑35  Tax losses of companies

Scope
 (1) This section applies to a *tax loss of a company if the company is a *designated infrastructure project entity at a time (the status time) in the *loss year.

Modifications of Divisions 165 and 166
 (2) Despite subsection 165‑12(1), 166‑5(2) or 166‑20(1), the *ownership test period or *test period under that subsection starts at the earlier of:
 (a) the first time:
 (i) that occurs after the status time; and
 (ii) at which the company is not a *designated infrastructure project entity; and
 (b) the end of the income year referred to in that subsection as the income year.
 (3) In a case to which paragraph (2)(b) applies, the company is treated as meeting the conditions in section 165‑12.
 (4) Despite subsection 165‑13(2), 166‑5(5), 165‑15(2) or 166‑20(4), the *business continuity test period under that subsection starts at the start of the *ownership test period or *test period (whichever is applicable) if, apart from this subsection, the business continuity test period would start earlier.
 (5) Despite subsection 165‑13(2), 165‑15(3), 166‑5(6) or 166‑20(4), the *test time under that subsection occurs just after the start of the *ownership test period or *test period (whichever is applicable) if, apart from this subsection, the test time