Document ID: chunk:federal_register_of_legislation:C2024C00818:clause:1_34
Version: federal_register_of_legislation:C2024C00818
Segment Type: clause
Provision Reference: sch 1 cl 34
Character Range: 312708–313400

34  Rule—restriction on transfer of GDP expenditure
  The loss company may not transfer the expenditure to the profit company in relation to the receiving project and the transfer year if:
 (a) the expenditure was incurred in a GDP expenditure year in relation to the receiving project; and
 (b) there is other expenditure that the loss company, or another loss company, could transfer to the profit company in relation to the receiving project and the transfer year under section 45B; and
 (c) the other expenditure was incurred in:
 (i) a standard uplift expenditure year in relation to the receiving project; or
 (ii) an earlier GDP expenditure year in relation to the receiving project.