New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 7   Consolidation: interactions between Consolidation rules and other rules

Part 3   Consequential amendment of the Income Tax Assessment Act 1997

4   Before subsection 165-115ZB(1)

Insert:

(1A) This section has effect for the purposes of:

(a) section 165-115ZA; and

(b) sections 715-255 and 715-270 (about effect of alteration time for head company on membership interests of leaving entity just before leaving time).