INCOME TAX ASSESSMENT ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 703 - Consolidated groups and their members  

Effects of choice to continue group after shelf company becomes new head company  

SECTION 703-65   703-65   Application  


Sections 703-70 to 703-80 set out the effects if a company (the interposed company ) chooses under subsection 615-30(2) that a * consolidated group is to continue in existence at and after the time referred to in that subsection as the completion time.
Note:

The choice is one of the conditions for a compulsory roll-over under Division 615 on an exchange of shares in the head company of a consolidated group for shares in the interposed company.


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