Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 713.550

    Sections   709 - 70 and 709 - 75 do not apply in relation to a * subsidiary member of a * consolidated group if:

  (a)   the subsidiary member is a * life insurance company; or

  (b)   a life insurance company that is a * member of the group owns * membership interests, either directly or indirectly through one or more interposed entities, in the subsidiary member.