A joint professional body submission in relation to the draft consolidation tax determination TD 2005/D50: consolidation: cost setting: is a joining entity's entitlement to claim a deduction for (or to otherwise deal with) a tax loss an asset for the purposes of section 705-35 of the Income Tax Assessment Act 1997 if:
a) after the tax loss is the subject of a loss transfer agreement entered into after the joining entity became a member of the consolidated group;
b) the loss transfer takes effect prior to that time; and
c) the joining entity is not entitled to a subvention payment?