Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 705 - Tax cost setting amount for assets where entities become subsidiary members of consolidated groups  

Subdivision 705-D - Where multiple entities are linked by membership interests  

Modified application of Subdivision 705-A

SECTION 705-220   Subdivision 705-A has effect with modifications  

705-220(1)    
Subdivision 705-A has effect in relation to each linked entity becoming a ^* subsidiary member of the ^* consolidated group in the same way as that Subdivision operates in relation to an entity becoming a subsidiary member of a consolidated group in circumstances covered by that Subdivision.

705-220(2)    
However, that effect of Subdivision 705-A is subject to modifications set out in this Subdivision.