Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 709
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Other rules applying when entities become subsidiary members etc.
Subdivision 709-A
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Franking accounts
Treatment of subsidiary member's franking account
SECTION 709-65 709-65 Subsidiary member ' s franking account does not operate
The * franking account of an entity that is a * subsidiary member of a * consolidated group does not operate during the period:
(a) beginning just after the entity becomes a subsidiary member of the group; and
(b) ending when the entity ceases to be a subsidiary member of the group.
View history note
Hide history noteSECTION 709-65 709-65 Subsidiary member ' s franking account does not operate
The * franking account of an entity that is a * subsidiary member of a * consolidated group does not operate during the period:
(a) beginning just after the entity becomes a subsidiary member of the group; and
(b) ending when the entity ceases to be a subsidiary member of the group.
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