Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 245.195

  (1)   If any part of the * total net forgiven amount remains after the application of that amount in making reductions under the preceding provisions of this Subdivision, the remaining part   is disregarded.

  (2)   This section has effect subject to section   245 - 215 (about partnerships and transferring the remaining part to the partners).