Commonwealth Consolidated Acts Commonwealth Consolidated ActsA company cannot deduct a * tax loss unless either:
(a) it meets the conditions in section 165 - 12 (which is about the company maintaining the same owners); or
Note: See section 165 - 215 for a special alternative to these conditions.
(b) it meets the condition in section 165 - 13 (which is about the company satisfying the business continuity test).
Note: In the case of a widely held or eligible Division 166
company, Subdivision 166 - A modifies how this Subdivision applies,
unless the company chooses otherwise.