Income Tax Assessment Act 1997
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.
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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