• Elections

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    Subdivisions 717-F and 717-G of ITAA 1997 concern elections made under Part XI (the FIF measures) of 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 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: 01 Jul 2006QC 18507