Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:2_6
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 2 cl 6
Character Range: 76528–77124

6  After subsection 719‑265(3)
Insert:

Transfer of tax loss from designated infrastructure project entity
 (3A) If:
 (a) the focal company made the loss because the loss was transferred under Subdivision 707‑A to the focal company as the *head company of a *MEC group; and
 (b) subsection 707‑120(5) (about designated infrastructure project entities joining consolidated groups) applies to the transfer;
the test company for the focal company is the company that was the *top company for the MEC group at the time of a transfer.

Part 2—Consequential amendments

Income Tax Assessment Act 1936