INCOME TAX ASSESSMENT ACT 1997 - SECT 707.145 Cancelling the transfer of the loss
INCOME TAX ASSESSMENT ACT 1997 - SECT 707.145
Cancelling the transfer of the loss(1) The * head company of the joined group may choose to cancel the transfer of the loss.
(2) If the * head company of the joined group does so, this Act (except this section) operates for all income years ending after the transfer as if it had not occurred under section 707 - 120.
(3) The choice cannot be revoked.