Document ID: chunk:federal_register_of_legislation:C2006A00078:clause:2_31:p2
Version: federal_register_of_legislation:C2006A00078
Segment Type: clause
Provision Reference: sch 2 cl 31 (pt 2/2)
Character Range: 19823–20908

actually incurred

 (3) If the starting day for the receiving project was in a later financial year than the financial year in which the expenditure was incurred, the loss company may transfer the expenditure only if (in addition to the other requirements of this clause) the company which held the receiving interest at the start of the starting day was the company which had been granted the exploration permit by reference to which the starting day is determined.

Definitions

 (4) In this clause:

loss interest means an interest held in the transferring entity by the loss company:
 (a) at the end of the transfer year; or
 (b) if the finishing day for the transferring entity was before the end of the transfer year—immediately before the start of the finishing day.

receiving interest means an interest held in the receiving project by the profit company:
 (a) at the end of the transfer year; or
 (b) if the finishing day for the receiving project was before the end of the transfer year—immediately before the start of the finishing day.

Part 2—Application of amendments