INCOME TAX ASSESSMENT ACT 1997 - SECT 709.65 Subsidiary member's franking account does not operate

INCOME TAX ASSESSMENT ACT 1997 - SECT 709.65

    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.