Income Tax Assessment Act 1997
CHAPTER 3
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SPECIALIST LIABILITY RULES
PART 3-90
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CONSOLIDATED GROUPS
Division 716
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Miscellaneous special rules
Subdivision 716-A
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Assessable income and deductions spread over several membership or non-membership periods
SECTION 716-1
What this Division is about
View history note
Hide history noteSome items of assessable income, and some deductions, are in effect spread over 2 or more income years. This Division apportions the assessable income or deduction for each of those income years among periods within the income year when an entity is, or is not, a subsidiary member of a consolidated group.
This Division also apportions in a similar way some items of assessable income, and some deductions, for a single income year.
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