Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 701
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Core rules
Exceptions
SECTION 701-85
701-85
Other exceptions etc. to the rules
The operation of each provision of this Division is subject to any provision of this Act that so requires, either expressly or impliedly.
View history note
Hide history noteThe operation of each provision of this Division is subject to any provision of this Act that so requires, either expressly or impliedly.
Note:
An example of such a provision is Division 707 (about the transfer of certain losses to the head company of a consolidated group). That Division modifies the effect that the inheritance of history rule in section 701-5 would otherwise have.
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