Income Tax Assessment Act 1997
The object of this section is to ensure that certain *non-membership equity interests held by * members of the acquiring group that are part of the cost of acquiring the acquired group are taken into account in working out the acquiring group's * allocable cost amount for the acquired group.
Subsection 705-65(6) has effect as if it also treated as a *membership interest in the *head company of the acquired group a *non-membership equity interest in a *subsidiary member of the acquired group, where that interest was held at the acquisition time by a *member of the acquiring group.
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