Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 709
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Other rules applying when entities become subsidiary members etc.
Subdivision 709-C
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Treatment of excess franking deficit tax offsets when entity becomes a subsidiary member of a consolidated group
SECTION 709-180
What this Subdivision is about
View history note
Hide history noteThis Subdivision provides that any excess in the tax offset arising from a franking deficit tax liability of an entity that becomes a subsidiary member of a consolidated group is transferred to the head company of the group.
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