Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

View history reference

 View history note

 Hide history note

History

Part 3-90 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Division 713 - Rules for particular kinds of entities  

View history reference

 View history note

 Hide history note

History

Div 713 inserted by No 117 of 2002, s 3 and Sch 5 item 6, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Subdivision 713-E - Partnerships  

View history reference

 View history note

 Hide history note

History

Subdiv 713-E inserted by No 67 of 2003, s 3 and Sch 4 item 1, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Guide to Subdivision 713-E

SECTION 713-200   What this Subdivision is about  

View history reference

This Subdivision modifies tax cost setting rules in Divisions 701 , 705 and 711 so that they take account of the special characteristics of partnerships. The modifications apply in these situations:

(a) an entity that is a partner in a partnership becomes a subsidiary member of a consolidated group;

(b) a partnership becomes, or ceases to be, a subsidiary member of a consolidated group.

 View history note

 Hide history note

History

S 713-200 amended by No 83 of 2004.

S 713-200 inserted by No 67 of 2003, s 3 and Sch 4 item 1, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

TABLE OF SECTIONS

TABLE OF SECTIONS

Objects
713-205	Objects of this Subdivision
Partnership cost setting interests etc.
713-210	Partnership cost setting interests
713-215	Terminating value for partnership cost setting interest
Setting tax cost of partnership cost setting interests
713-220	Set tax cost of partnership cost setting interests if partner joins consolidated group
713-225	Tax cost setting amount for partnership cost setting interest
713-230	(Repealed by No 56 of 2010 )
Special rules where partnership joins consolidated group
713-235	Partnership joins group - set tax cost of partnership assets
713-240	Partnership joins group - tax cost setting amount for partnership asset
713-245	(Repealed by No 56 of 2010 )
Special rules where partnership leaves consolidated group
713-250	Partnership leaves group - standard provisions modified
713-255	Partnership leaves group - tax cost setting amount for partnership cost setting interests
713-260	Partnership leaves group - tax cost setting amount for assets consisting of being owed certain liabilities
713-265	Partnership leaves group - adjustments to allocable cost amount of partner who also leaves group
713-270	(Repealed by No 56 of 2010 )

Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited

CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.

The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.