Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 715.180

Head company to notify leaving entity of choice

  (1)   Within one month after making a choice under section   715 - 95 or 715 - 120, or within a further period allowed by the Commissioner, the head company must give the leaving entity written notice of the choice.

  (2)   If the choice is to have a * loss denial pool of the leaving entity created at the leaving time, the notice must also specify the pool's * loss denial balance at that time.



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