Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The object of this section is to let * net capital losses be transferred under this Subdivision to and from * Australian permanent establishments of * foreign entities that are * financial entities in the same way as net capital losses can be transferred to and from Australian branches of * foreign banks.
(2) This Subdivision (except this section) applies to an * Australian permanent establishment of a * foreign entity that is a * financial entity in the same way as this Subdivision applies to an Australian branch (as defined in Part IIIB of the Income Tax Assessment Act 1936 ) of a * foreign bank.
Guide to Subdivision 170-C