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A New Tax System (Goods and Services Tax) Act 1999
110‑5 Transfers of tax losses and net ca110‑5 Transfers of tax losses and net capital losses
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110‑5 Transfers of tax losses and net capital losses
(1) A supply is not a *taxable supply if the supply is: (a) the transfer of a *tax loss in accordance with Subdivision 170‑A of the *ITAA 1997; or (b) the transfer of a *net capital loss in accordance with Subdivision 170‑B of the ITAA 1997. (2) This section has effect despite section 9‑5 (which is about what are taxable supplies).