Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 709.65

Subsidiary member's franking account does not operate

    The * franking account of an entity that is a * subsidiary member of a * consolidated group does not operate during the period:

  (a)   beginning just after the entity becomes a subsidiary member of the group; and

  (b)   ending when the entity ceases to be a subsidiary member of the group.


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