Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:7_30
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 7 cl 30
Character Range: 93368–93888

30  At the end of section 115‑15
Add:
 (3) However, if:
 (a) an existing pre‑mining loss does not comply with section 115‑25 because section 95‑25 or 115‑55 partly prevents the existing pre‑mining loss from being applied in working out a *transferred pre‑mining loss allowance; and
 (b) there is no other reason why the loss does not comply with section 115‑25;
the loss is extinguished under paragraph (2)(a) only to the extent that section 95‑25 or 115‑55 prevents the existing pre‑mining loss from being so applied.