Consolidation Reference Manual

The Consolidation reference manual was last updated on 15 July 2011. It does not contain any changes to consolidation legislation that has occurred since that time and will not be updated in future. It cannot be relied on for currency of content. For any future consolidation changes, you will be able to access information from our consolidation home page or by visiting our 'New legislation' page.
You can still refer to the Consolidation reference manual for consolidation information that has not been impacted by changes in the legislation.

C4 Market valuation

C4-1 Market valuation

C4-1-000 Market valuation

Status
Following the release of the revised version of Market valuation for tax purposes , which has been expanded to include the consolidation valuation short cut options, specific market valuation guidelines for consolidation are no longer required. Consequently, the following action has been taken in relation to the material that previously made up section C4 of the Consolidation Reference Manual (CRM): C4-1: Market valuation guidelines - withdrawn C4-1-110: Advanced market valuation agreement - proforma - withdrawn C4-2-110: Taxation Determination TD 2003/10 - withdrawn from the CRM but remains current and is available on ATO Law C4-2-120: Taxation Determination TD 2003/11 - withdrawn from the CRM but remains current and is available on ATO Law Market valuation for tax purposes can be found at www.ato.gov.au

Status

Following the release of the revised version of Market valuation for tax purposes , which has been expanded to include the consolidation valuation short cut options, specific market valuation guidelines for consolidation are no longer required.

Consequently, the following action has been taken in relation to the material that previously made up section C4 of the Consolidation Reference Manual (CRM):

C4-1: Market valuation guidelines - withdrawn

C4-1-110: Advanced market valuation agreement - proforma - withdrawn

C4-2-110: Taxation Determination TD 2003/10 - withdrawn from the CRM but remains current and is available on ATO Law

C4-2-120: Taxation Determination TD 2003/11 - withdrawn from the CRM but remains current and is available on ATO Law

Market valuation for tax purposes can be found at www.ato.gov.au

History

Revision history

Section C4-1 first published (excluding drafts) on 2 December 2002 and updated 28 May 2003.

Further revisions are described below.

Date	Amendment	Reason
3.12.03	New information on valuing goodwill.	More detailed interpretation.
	Clarification of ATO's potential request for information as part of a review and audit.	Clarification.
	Clarification relating to valuation short cuts and single large functioning units of integrated plant.	Clarification.
	New section on Advance Market Valuation Agreements (AMVAs).	AMVAs process introduced under Commissioner's administrative powers.
14.1.04	Further clarification relating to valuation short cuts and single large functioning units of integrated plant. Specifically, in relation to the requirement that such an item must have a value greater than 1% of the joining subsidiary's ACA to qualify for the exception, 'value' means total adjustable value (p. 20).	Clarification.
26.10.05	Reference to ATO's view on deductibility of valuation expenses, p. 11, and taxation rulings.
	Major revision of 'Market valuing goodwill', p. 4, and following pages.	To reflect new taxation ruling and for clarification.
30.6.09	Reference to TD2007/1.
6.5.11	Withdrawn and replaced by Market valuation for tax purposes.

Current at 6 May 2011

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