There are a few rules that need to be met, before the losses can be used. Presumably MinRes would be able to satisfy these (not that difficult, esp. with a bit of $$ for accountants/lawyers) and would then shift profits from MinRes (or other entities) to AGO, thereby reducing their taxable income by $500M over a number years..
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- AGO
- $500m of deferred tax losses available to MinRes
$500m of deferred tax losses available to MinRes, page-4
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