INCOME TAX ASSESSMENT ACT 1997 - SECT 707.150 Loss cannot be utilised for income year ending after the joining time
INCOME TAX ASSESSMENT ACT 1997 - SECT 707.150
Loss cannot be utilised for income year ending after the joining time To the extent that the loss is not transferred under section
707 - 120 from the joining entity to the * head company of the joined
group, the loss cannot be * utilised by any entity for an income year ending
after the joining time.