New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)

Schedule 15   Consolidation: foreign tax credits

Income Tax (Transitional Provisions) Act 1997

1   At the end of Division 717

Add:

717-30 Substituted accounting periods

Sections 717-15 and 717-20 have effect as if paragraphs 717-15(1)(b) and 717-20(1)(b) were omitted if the head company of the consolidated group has a substituted accounting period and the consolidated group referred to in those sections came into existence before 1 July 2004.