Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 717 - International tax rules  

Subdivision 717-O - Offshore banking units  

SECTION 717-710   Head company treated as OBU  

717-710(1)    
Division 9A of Part III of the Income Tax Assessment Act 1936 applies to the ^* head company of a ^* consolidated group as if the head company were an OBU (within the meaning of that Division) at a time when a ^* subsidiary member of the group is an OBU (within the meaning of that Division).

717-710(2)    
Subsection (1) operates for the head company core purposes mentioned in subsection 701-1(2) .