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 703-45   Subsidiary members or nominees interposed between the head company and a subsidiary member of a consolidated group or a consolidatable group  

703-45(1)  
This section describes, for the purposes of item 2, column 4 of the table in subsection 703-15(2) , a set of requirements that must be met for an entity (the test entity ) to be a * subsidiary member of a * consolidated group or a * consolidatable group at a particular time (the test time ).

703-45(2)  
At the test time, each of the interposed entities must either:


(a) be a * subsidiary member of the group; or


(b) hold * membership interests in:


(i) the test entity; or

(ii) a subsidiary member of the group interposed between the * head company of the group and the test entity;
only as a nominee of one or more entities each of which is a * member of the group.

View surrounding sectionsView surrounding sectionsBack to top


This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.