Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:2_4:p3
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 2 cl 4 (pt 3/13)
Character Range: 47449–50233

treated as not applying to the head company on or before the day the transfer occurs;
unless the transferred loss was a non‑membership period loss (within the meaning of subsection 701‑30(3)) in relation to the group.
Note: Subsection 707‑140(1) treats the head company of a consolidated group as having made a loss in an income year in which a loss is transferred to the head company from an entity that joins the group.

Total net forgiven amounts
 (6) A reference in subsection (1) to any *utilisation of a *tax loss is treated as including a reference to any reduction of the loss by the application of a *total net forgiven amount.

415‑20  Designated infrastructure project entity

Designated infrastructure project entity
 (1) An entity is a designated infrastructure project entity at a time (the relevant time) if:
 (a) at the relevant time, the entity is a *fixed trust or a company; and
 (b) at or after the relevant time, the entity *carries on a single *designated infrastructure project; and
 (c) the entity does not, at or before the relevant time, carry on any other designated infrastructure project; and
 (d) the only activities in which the entity engages at the relevant time, or engaged before the relevant time, are or were for the purposes of the entity carrying on the single designated infrastructure project.
 (2) For the purposes of this section:
 (a) an *enterprise that becomes a *designated infrastructure project at a time is treated as having been a designated infrastructure project at all earlier times; and
 (b) if the entity *carries on (whether or not at the same time) one or more parts, but not the whole, of a single designated infrastructure project—the parts are treated as being a single designated infrastructure project; and
 (c) in any case—the following are treated as being a single designated infrastructure project:
 (i) a single designated infrastructure project (the listed infrastructure project) that is included on an Infrastructure Priority List;
 (ii) any designated infrastructure projects that the entity carries on (whether or not at the same time) and that are part of the listed infrastructure project; and
Note: For Infrastructure Priority Lists, see paragraph 5(2)(b) of the Infrastructure Australia Act 2008.
 (d) in any case—any designated infrastructure projects that the entity carries on (whether or not at the same time) and that are part of a single infrastructure project that:
 (i) is included on an Infrastructure Priority List; and
 (ii) is not a designated infrastructure project;
  are treated as being a single designated infrastructure project.

Partnerships
 (3) Subsection (4) applies to an entity if:
 (a) the entity is a *fixed trust or a company; and
 (b) the person that is the trustee of the trust,