Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 713 - Rules for particular kinds of entities  

Subdivision 713-L - Life insurance companies  

Imputation rules for life insurance companies joining consolidated group

SECTION 713-550  

713-550   Treatment of head company ' s franking account after joining  


Sections 709-70 and 709-75 do not apply in relation to a * subsidiary member of a * consolidated group if:


(a) the subsidiary member is a * life insurance company; or


(b) a life insurance company that is a * member of the group owns * membership interests, either directly or indirectly through one or more interposed entities, in the subsidiary member.


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