‑100 What this Subdivision is about
A loss made by an entity before the time it becomes a member of a consolidated group is transferred to the head company of the group at that time if the entity could have utilised the loss had the entity not become a member of the group. Table of sections 707‑105 Who can utilise the loss? Objects 707‑110 Objects of this Subdivision Application 707‑115 What losses this Subdivision applies to Transfer of loss from joining entity to head company 707‑120 Transfer of loss from joining entity to head company 707‑125 Modified business continuity test for companies’ post‑1999 losses 707‑130 Modified pattern of distributions test 707‑135 Transferring loss transferred to joining entity because business continuity test was satisfied Effect of transfer of loss 707‑140 Effect of transfer of loss Cancelling the transfer of the loss 707‑145 Cancelling the transfer of the loss What happens if the loss is not transferred? 707‑150 Loss cannot be utilised for income year ending after the joining time
Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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