S 73BABA repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011. For application, savings and transitional provisions see note under s
. S 73BABA formerly read:
SECTION 73BABA HISTORY FOR PURPOSES OF ELIGIBILITY FOR TAX OFFSET: JOINING ENTITY
a company becomes a subsidiary member of a consolidated group or MEC group; and
things happening in relation to the company before it became a subsidiary member are, because of section
(the entry history rule) of the
Income Tax Assessment Act 1997
, taken into account as things happening in relation to the head company of the group in applying paragraph
or (d) of this Act to determine for the head company core purposes whether the head company is eligible to choose a tax offset;
the things happening are not taken into account as mentioned in paragraph (b).
S 73BABA inserted by No 20 of 2004, s 3 and Sch 8 item 10, applicable on and after 1 July 2002.