Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 715 - Interactions between this Part and other areas of the income tax law  

Subdivision 715-W - Effect on arrangements where CGT roll-overs are obtained  

SECTION 715-925  

715-925   Effect on restructures - original entity ceases being a subsidiary member  
If, as a result of an *arrangement to which section 124-784A applies, an original entity (within the meaning of that section):

(a) ceases to be a *subsidiary member of a *consolidated group after the completion time (within the meaning of that section) for the arrangement; and

(b) does not become a member of another consolidated group;

then, for the purposes of section 124-784B , the completion time for the arrangement is taken to happen at the time of the cessation.

Note:

Sections 124-784A and 124-784B apply to arrangements for restructures.