Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) If:
(a) an entity becomes a * member of a * consolidated group at a time; and
(b) the entity makes a non‑membership period loss described in section 701‑30 for a non‑membership period described in that section that ends before the time;
the other sections of this Division operate as if the loss had been made by the entity for an income year starting at the start of the period and ending at the end of the period.
(2) Subsection 701‑30(7) has effect subject to this section.
[The next Division is Division 709.]
Table of Subdivisions
709‑A Franking accounts