Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:8_9:p3
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 8 cl 9 (pt 3/3)
Character Range: 198044–198587

to make an election under subsection 535(3) of the Income Tax Assessment Act 1936 for the entity core purposes, so far as they relate to the leaving entity after the leaving time, is not affected by anything done by the *head company before that time.

Note: The exit history rule in section 701‑40 would otherwise have had the effect that actions of the head company would be treated as those of the leaving entity. Depending on the nature of the actions, this could have prevented the leaving entity from making the election mentioned above.