Document ID: chunk:federal_register_of_legislation:C2010C00605:clause:6_4
Version: federal_register_of_legislation:C2010C00605
Segment Type: clause
Provision Reference: sch 6 cl 4
Character Range: 99771–100340

4  Paragraph 707‑335(3)(e)
Repeal the paragraph, substitute:
 (e) the principle that, if the transferee transferred the losses to itself under Subdivision 707‑A after the start of the income year, the amount of the losses it can utilise for the income year should be worked out as if:
 (i) the losses had been included in the bundle from the start of the income year; and
 (ii) the available fraction for the bundle had been 1 from the start of the income year until the time of the transfer; and

Part 3—Effect of exit history rule

Income Tax Assessment Act 1997