Commonwealth Numbered Acts

FINANCIAL CORPORATIONS (TRANSFER OF ASSETS AND LIABILITIES) ACT 1993 No. 97 of 1993 - SECT 25

25.(1) This section applies if, under subsection 80G(6) of the Income Tax 
Assessment Act 1936 (as that subsection has effect because of this Division),
a loss, or a part of a loss, is taken to have been incurred by the income
company in a particular year of income (the "normal year").

(2) For the purposes of the application of section 80A of the Income Tax 
Assessment Act 1936 to the income company, the loss, or the part of the loss,
as the case may be, is to be treated as if it had been incurred in the income
year instead of in the normal year.

(3) In this section:

"income company" has the same meaning as in section 80G of the Income Tax 
Assessment Act 1936 (as that section has effect because of this Division);

"income year" has the same meaning as in section 80G of the Income Tax 
Assessment Act 1936 (as that section has effect because of this Division).