Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
The operation of each provision of this Division is subject to any provision of this Act that so requires, either expressly or impliedly.
Division 701
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Core rules
Exceptions
SECTION 701-85
701-85
Other exceptions etc. to the rules
The operation of each provision of this Division is subject to any provision of this Act that so requires, either expressly or impliedly.
Note:
An example of such a provision is Division 707 (about the transfer of certain losses to the head company of a consolidated group). That Division modifies the effect that the inheritance of history rule in section 701-5 would otherwise have.
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