Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 703.65

Application

    Sections   703 - 70 to 703 - 80 set out the effects if a company (the interposed company ) chooses under subsection   615 - 30(2) that a * consolidated group is to continue in existence at and after the time referred to in that subsection as the completion time.

Note:   The choice is one of the conditions for a compulsory roll - over under Division   615 on an exchange of shares in the head company of a consolidated group for shares in the interposed company.


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