Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 820-594 820-594 Treatment of FRT disallowed amounts - leaving case
To avoid doubt, if the *head company of a *consolidated group has a *FRT disallowed amount and an entity ceases to be a *subsidiary member of the group, the entity is not taken because of section 701-40 (the exit history rule) to have the FRT disallowed amount.
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