Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 165.119

    This Subdivision applies to a debt only to the extent (if any) to which Subdivision   165 - CC does not apply in respect of the debt.

Note:   Subdivision   165 - CC applies to certain capital losses or tax losses of a company to the extent to which the capital loss or tax loss does not exceed the company's unrealised net loss.