INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZH Net capital losses
INCOME TAX ASSESSMENT ACT 1936 - SECT 160ZZZH
Net capital losses Subdivision 170 - B of the Income Tax Assessment Act 1997
(about transfer of net capital losses within wholly - owned groups of
companies) has effect as if an Australian branch of a foreign bank were a 100%
subsidiary (within the meaning of that Act) of the bank and an Australian
resident (within the meaning of that Act).