This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.
End of attention
Subdivisions 717-F and 717-G of the ITAA 1997 concern elections made under Part XI (the FIF measures) of the ITAA 1936 where entities become subsidiary members of a consolidated group and where members leave a group.
These subdivisions ensure that the entry history rule in Part 3-90 of the ITAA 1997 does not adversely affect the head company's ability to make elections in relation to its interests in FIFs. Similarly, they ensure the exit history rule in Part 3-90 does not adversely affect the leaving company's ability to make elections in relation to interests in FIFs that the leaving company takes with it on exit.
Last modified: 28 Jun 2007QC 27895