Document ID: chunk:federal_register_of_legislation:C2014C00672:clause:7_143
Version: federal_register_of_legislation:C2014C00672
Segment Type: clause
Provision Reference: sch 7 cl 143
Character Range: 125134–125618

143  After subclause 31(2) of Schedule 1
Insert:
 (2A) If:
 (a) at a time (the cessation time) after the expenditure was incurred and on or after 1 July 1993, the loss company ceased to hold any interest in relation to the transferring entity; and
 (b) the cessation did not occur because of a transaction to which section 48 applies;
subclause (1) does not require the loss company to have held an interest in relation to the transferring entity at a time after the cessation time.