Commonwealth Consolidated Acts Commonwealth Consolidated ActsFor the head company core purposes in relation to the period after the entity becomes a * subsidiary member of the group, everything that happened in relation to it before it became a subsidiary member is taken to have happened in relation to the * head company.
Note 1: Other provisions of this Part may affect the tax history that is inherited (e.g. asset cost base history is affected by section 701 - 10 and tax loss history is affected by Division 707).
Note 3: Section 165 - 212E overrides this rule for the purposes of the business continuity test.