Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 715 - Interactions between this Part and other areas of the income tax law  

Subdivision 715-A - Treatment of unrealised losses existing when ownership or control of a company changes before or during consolidation  

Choices under this Subdivision

SECTION 715-180   Head company to notify leaving entity of choice  

715-180(1)  
Within one month after making a choice under section 715-95 or 715-120 , or within a further period allowed by the Commissioner, the head company must give the leaving entity written notice of the choice.

715-180(2)  
If the choice is to have a * loss denial pool of the leaving entity created at the leaving time, the notice must also specify the pool's * loss denial balance at that time.


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