INCOME TAX ASSESSMENT ACT 1997 - SECT 717.710 Head company treated as OBU
INCOME TAX ASSESSMENT ACT 1997 - SECT 717.710
Head company treated as OBU(1) Division 9A of Part III of the Income Tax Assessment Act 1936 applies to the * head company of a * consolidated group as if the head company were an OBU (within the meaning of that Division) at a time when a * subsidiary member of the group is an OBU (within the meaning of that Division).
(2) Subsection (1) operates for the head company core
purposes mentioned in subsection 701 - 1(2) .