Income Tax Assessment Act 1936
Div 3 heading inserted by No 172 of 1978.
(Repealed by No 93 of 2011)
S 73BAD repealed by No 93 of 2011, s 3 and Sch 3 item 44, effective 8 September 2011.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 73BAD formerly read:
SECTION 73BAD EXPENDITURE FOR PURPOSES OF SECTIONS 73P TO 73Z HISTORY: LEAVING ENTITY
For the purposes of sections 73P to 73Z (inclusive), where a company (the leaving company ) ceases to be a member of a consolidated group or MEC group, those provisions have effect after the leaving company ceased to be a member as if:
(a) any expenditure actually incurred by the leaving company while it was a member of the group had been incurred by it rather than by any other member of the group; and
(b) any amounts the head company of the group has deducted or can deduct for that expenditure had been deducted by the leaving company.
Subsection (1) has effect before any application of subsection 73R(3) or (4) (exceptions to R & D membership period rules).
S 73BAD amended by No 164 of 2007 , s 3 and Sch 11 item 15, by substituting " sections 73P to 73Z (inclusive) of this Act " for " the incremental expenditure provisions " in the note, effective 25 September 2007. For application provision, see note under s 73B(1AAA) .
S 73BAD inserted by No 117 of 2002.
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