Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 705.1

When an entity becomes a subsidiary member of a consolidated group, the tax cost of its assets is set at a tax cost setting amount that is worked out in accordance with this Division.

Table of Subdivisions

705 - A   Basic case: a single entity joining an existing consolidated group

705 - B   Case of group formation

705 - C   Case where a consolidated group is acquired by another

705 - D   Where multiple entities are linked by membership interests

705 - E   Adjustments for errors etc.