INCOME TAX ASSESSMENT ACT 1997
CHAPTER 3 - SPECIALIST LIABILITY RULES PART 3-90 - CONSOLIDATED GROUPS
Division 711 - Tax cost setting amount for membership interests where entities cease to be subsidiary members of consolidated groups
SECTION 711-1 What this Division is about
If an entity ceases to be a subsidiary member of a consolidated group, the tax cost setting amount for the group ' s membership interests in the entity reflects the group ' s cost for the entity ' s net assets.