Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 717
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International tax rules
Subdivision 717-O
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Offshore banking units
SECTION 717-710
Head company treated as OBU
717-710(1)
Division 9A of Part III of the Income Tax Assessment Act 1936 applies to the * head company of a * consolidated group as if the head company were an OBU (within the meaning of that Division) at a time when a * subsidiary member of the group is an OBU (within the meaning of that Division). 717-710(2)
Subsection (1) operates for the head company core purposes mentioned in subsection 701-1(2) .
View history note
Hide history noteDivision 9A of Part III of the Income Tax Assessment Act 1936 applies to the * head company of a * consolidated group as if the head company were an OBU (within the meaning of that Division) at a time when a * subsidiary member of the group is an OBU (within the meaning of that Division). 717-710(2)
Subsection (1) operates for the head company core purposes mentioned in subsection 701-1(2) .
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