Income Tax Assessment Act 1997
Unless subsection (2) applies, the interposed company must choose that section 615-65 applies. 615-30(2)
The interposed company must choose that a *consolidated group continues in existence at and after the completion time with the interposed company as its *head company, if:
(a) immediately before the completion time, the consolidated group consisted of the original entity as head company and one or more other members (the other group members ); and
(b) immediately after the completion time, the interposed company is the head company of a *consolidatable group consisting only of itself and the other group members.
A choice under subsection (1) or (2) must be made:
(a) within 2 months after the completion time, if the choice is under subsection (1); or
(b) within 28 days after the completion time, if the choice is under subsection (2); or
(c) within such further time as the Commissioner allows.
The choice cannot be revoked.615-30(4)
The way the interposed company prepares its *income tax returns is sufficient evidence of the making of the choice.
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