INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-10 - FINANCIAL TRANSACTIONS  

Division 230 - Taxation of financial arrangements  

Subdivision 230-I - Other provisions  

SECTION 230-525   230-525   Consolidated financial reports  


For the purposes of this Division, treat a financial report prepared by another entity as being prepared by you if:


(a) the other entity is a *connected entity of yours; and


(b) the report is a consolidated financial report that deals with both your affairs and the affairs of the connected entity; and


(c) the report properly reflects your affairs.


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