Commonwealth Consolidated Acts Commonwealth Consolidated ActsDespite a subsection listed in column 1, the Commissioner may, under a subsection listed in column 2, disallow some or all of an * excluded loss, deduction, or * capital loss, of a company (as the case requires) if:
(a) the company is or becomes:
(i) an externally-administered body corporate within the meaning of the Corporations Act 2001 ; or
(ii) an entity with a similar status under a * foreign law to an externally-administered body corporate; and
(b) the company is insolvent (within the meaning of section 9 of the Corporations Act 2001 ) when the administration begins.
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Commissioner may disallow excluded losses etc. for insolvent companies |
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Item |
Column 1 Despite this subsection... |
Column 2 the Commissioner may disallow under this subsection: |
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1 |
Subsection 175-10(2) |
Subsection 175-10(1) |
|
2 |
Subsection 175-15(2) |
Subsection 175-15(1) |
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3 |
Subsection 175-20(2) |
Subsection 175-20(1) |
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4 |
Subsection 175- 25(2) |
Subsection 175- 25(1) |
|
5 |
Subsection 175-30(4) |
Subsection 175-30(1) or (2) |
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6 |
Subsection 175- 45(2) |
Subsection 175- 45(1) |
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7 |
Subsection 175-50(2) |
Subsection 175-50(1) |
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8 |
Subsection 175-60(2) |
Subsection 175-60(1) |
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9 |
Subsection 175- 65(2) |
Subsection 175- 65(1) |
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10 |
Subsection 175-70(4) |
Subsection 175-70(1) or (2) |
|
11 |
Subsection 175- 85(2) |
Subsection 175- 85(1) |
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11 |
Subsection 175-90(2) |
Subsection 175-90(1) |
Table of Subdivisions
Guide to Division 180
180-A Information relevant to Division 165
180-B Information relevant to Division 175
Guide to Division 180