Income Tax (Transitional Provisions) Act 1997
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Hide history noteThe head company of a consolidated group may make a choice in the approved form to apply section 701D-10 to another entity.
701D-15(2)
However, the head company cannot make that choice if subsection 701D-10(1) previously prevented the entity from being a subsidiary member of a consolidated group.
701D-15(3)
The choice must be made by the later of:
(a) the day on which the head company must give the notice under section 703-58 of the Income Tax Assessment Act 1997 (notice of choice to consolidate); and
(b) 30 days after the Taxation Laws Amendment Act (No 1) 2004 received the Royal Assent.
701D-15(4)
The choice cannot be revoked.
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