Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:19_2
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 19 cl 2
Character Range: 277231–277819

2  At the end of section 701‑30
Add:

Utilisation and transfer of non‑membership period loss

 (8) However, the provisions of this Act relating to transfer or *utilisation of a loss of any *sort have effect in relation to a non‑membership period loss of that sort for any non‑membership period as if the non‑membership period loss were the entity's loss for an income year that:
 (a) started at the start of the period; and
 (b) ended at the end of the period.

 (9) Subsection (8) has effect not only for the entity core purposes, but also (despite subsection (2)) for other purposes.