Income Tax Assessment Act 1997



Division 703 - Consolidated groups and their members  

SECTION 703-1   What this Division is about  

A consolidated group and a consolidatable group each consists of a head company and all the companies, trusts and partnerships that:

  • (a) are resident in Australia; and
  • (b) are wholly-owned subsidiaries of the head company (either directly or through other companies, trusts and partnerships).
  • A consolidatable group becomes consolidated at a time chosen by the company that was the head company at the time.


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