Document ID: chunk:federal_register_of_legislation:C2010C00602:clause:8_5
Version: federal_register_of_legislation:C2010C00602
Segment Type: clause
Provision Reference: sch 8 cl 5
Character Range: 28991–29537

5  Subsection 707‑327(5)
Repeal the subsection, substitute:

Choice to treat value donor's loss as included in bundle

 (5) A choice for the purposes of subsection (4):
 (a) may be made only by the later of:
 (i) the day on which the transferee lodges its income tax return for the first income year for which it utilises (except in accordance with section 707‑350) losses transferred to it under Subdivision 707‑A of the Income Tax Assessment Act 1997; and
 (ii) the end of 31 December 2004; and
 (b) cannot be revoked after 31 December 2004.