INCOME TAX ASSESSMENT ACT 1997 - SECT 715.165 When pool ceases to exist

INCOME TAX ASSESSMENT ACT 1997 - SECT 715.165

  (1)   A * loss denial pool of a company ceases to exist when there is a * changeover time for the company.

Note:   The CGT assets in the pool then become subject to the application of Subdivision   165 - CC (about change of ownership or control of a company that has an unrealised net loss).

  (2)   A * loss denial pool of any entity ceases to exist:

  (a)   when there are no * CGT assets, and no * 170 - D deferred losses, in the pool; or

  (b)   just after the * loss denial balance becomes nil; or

  (c)   when the entity becomes a * subsidiary member of a * consolidated group; or

  (d)   as mentioned in subsection   715 - 135(4).