Income Tax Assessment Act 1997

CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX  

PART 4-5 - GENERAL  

Division 820 - Thin capitalisation rules  

Subdivision 820-FA - How the thin capitalisation rules apply to consolidated groups and MEC groups  

Operative provisions

SECTION 820-592   Cancelling the transfer of FRT disallowed amount  

820-592(1)    
The * head company of the joined group may choose to cancel the transfer of the FRT disallowed amount under section 820-590.

820-592(2)    
If the * head company of the joined group does so, this Act (except this section) operates for all income years ending after the transfer as if it had not occurred under section 820-590 .

820-592(3)    
The choice cannot be revoked.