Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 715.240

Application of sections 715-245 to 715-260

                   Sections 715- 245 to 715-260 affect how Subdivision 165-CD (about reductions after alterations in ownership or control of loss company) applies to a company (the leaving entity ) at and after the time (the leaving time ) when it ceases to be a * subsidiary member of a * consolidated group that came into existence at a particular time (the formation time ).

Note:          If a trust ceases to be a subsidiary member of a consolidated group: see section 715-270.



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