Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 820.592

  (1)   The * head company of the joined group may choose to cancel the transfer of the FRT disallowed amount under section   820 - 590.

  (2)   If the * head company of the joined group does so, this Act (except this section) operates for all income years ending after the transfer as if it had not occurred under section   820 - 590.

  (3)   The choice cannot be revoked.