Commonwealth Consolidated Acts

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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) .

   



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