Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 713 - Rules for particular kinds of entities  

Subdivision 713-E - Partnerships  

Special rules where partnership leaves consolidated group

SECTION 713-250   Partnership leaves group - standard provisions modified  

713-250(1)    
This section applies if a partnership ceases to be a ^* subsidiary member of a ^* consolidated group at a time (the leaving time ).

Note:

The section applies whether or not any partner that is a subsidiary member of the group also ceases to be a subsidiary member at the leaving time.

713-250(2)    
Apply the provisions mentioned in subsection 713-205(5) subject to the modifications in the provisions that follow under this ^* group heading.