Tax and Superannuation Laws Amendment (2015 Measures No. 2) Act 2015 (130 of 2015)

Schedule 4   Company losses

Part 2   Same business test

Income Tax Assessment Act 1997

54   Section 165-212E

Repeal the section, substitute:

165-212E Entry history rule does not apply for the purposes of section 165-210

For the purposes of section 165-210, section 701-5 (the entry history rule) does not operate in relation to an entity becoming a *subsidiary member of a *consolidated group or a *MEC group.