Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 715.925

    If, as a result of an * arrangement to which section   124 - 784A applies, an original entity (within the meaning of that section):

  (a)   ceases to be a * subsidiary member of a * consolidated group after the completion time (within the meaning of that section) for the arrangement; and

  (b)   does not become a member of another consolidated group;

then, for the purposes of section   124 - 784B, the completion time for the arrangement is taken to happen at the time of the cessation.

Note:   Sections   124 - 784A and 124 - 784B apply to arrangements for restructures.

Table of Subdivisions

716 - A   Assessable income and deductions spread over several membership or non - membership periods

716 - E   Tax cost setting for exploration and prospecting assets

716 - G   Low - value and software development pools

716 - S   Miscellaneous consequences of tax cost setting

716 - V   Research and Development

716 - Z   Other