INCOME TAX ASSESSMENT ACT 1997 - SECT 715.915 Effect on restructures--original entity is a head company

INCOME TAX ASSESSMENT ACT 1997 - SECT 715.915

    If:

  (a)   section   124 - 784A applies in relation to an * arrangement; and

  (b)   the original entity (within the meaning of that section) for the arrangement is the * head company of a * consolidated group just before the arrangement was completed; and

  (c)   section   715 - 920 does not apply;

then, for the purposes of section   124 - 784B, subsection   701 - 1(1) (the single entity rule) and section   701 - 5 (the entry history rule) apply in respect of the group.

Note 1:   This section does not otherwise affect the application of subsection   701 - 1(1) or section   701 - 5.

Note 2:   Sections   124 - 784A and 124 - 784B apply to arrangements for restructures.