INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 703 - Consolidated groups and their members  

Basic concepts  

SECTION 703-10   What is a consolidatable group ?  

703-10(1)  
A consolidatable group consists of:

(a) a single ^* head company; and

(b) all the ^* subsidiary members of the group.

703-10(2)  
To avoid doubt, a consolidatable group cannot consist of a ^* head company alone.