Section 259ZM | Overview of Chapter ^F1F2

(1)This Chapter contains provision that allows surplus dual inclusion income to be allocated within a group of companies.

(2)Section 259ZMA contains the conditions that must be met for this Chapter to apply.

(3)Subsection (2) of that section defines “the DII surplus” and subsection (3) of that section defines “the DII shortfall”.

(4)Sections 259ZMB to 259ZMD contain provision allowing the unused part of the DII surplus of one company to be treated as dual inclusion income of another company in the same group, where it can be matched against the unused part of the DII shortfall of the other company.

(5)Section 259ZME identifies when companies are in the same group.