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-W - Effect on arrangements where CGT roll-overs are obtained  

SECTION 715-915  

715-915   Effect on restructures - original entity is a head company  
If:

(a) section 124-784A applies in relation to an *arrangement; and

(b) the original entity (within the meaning of that section) for the arrangement is the *head company of a *consolidated group just before the arrangement was completed; and

(c) section 715-920 does not apply;

then, for the purposes of section 124-784B , subsection 701-1(1) (the single entity rule) and section 701-5 (the entry history rule) apply in respect of the group.

Note 1:

This section does not otherwise affect the application of subsection 701-1(1) or section 701-5 .

Note 2:

Sections 124-784A and 124-784B apply to arrangements for restructures.