Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 716 - Miscellaneous special rules  

Subdivision 716-V - Research and Development  

SECTION 716-505  

716-505   History for entitlement to tax offset: joining entity  

If:

(a) a company becomes a *subsidiary member of a *consolidated group; and

(b) apart from this section, things happening in relation to the company before it became a subsidiary member would, because of section 701-5 (the entry history rule), be taken into account as things happening in relation to the *head company for working out the head company's *aggregated turnover for the purposes of section 355-100 (tax offsets for R & D);

the things happening are not to be taken into account as mentioned in paragraph (b).