Statute
Section 160ZZZH — Income Tax Assessment Act 1936: Net capital losses
Text of the provision Official document
Subdivision 170-B of the Income Tax Assessment Act 1997 (about transfer of net capital losses within wholly-owned groups of companies) has effect as if an Australian branch of a foreign bank were a 100% subsidiary (within the meaning of that Act) of the bank and an Australian resident (within the meaning of that Act).
Official source: Federal Register of Legislation
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