Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p59
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 59/95)
Character Range: 5697754–5700721

Notice of events affecting consolidated group
Effects of choice to continue group after shelf company becomes new head company
703‑65 Application
703‑70 Consolidated group continues in existence with interposed company as head company and original entity as a subsidiary member
703‑75 Interposed company treated as substituted for original entity at all times before the completion time
703‑80 Effects on the original entity's tax position
Division 705—Tax cost setting amount for assets where entities become subsidiary members of consolidated groups
Guide to Division 705
705‑1 What this Division is about
Subdivision 705‑A—Basic case: a single entity joining an existing consolidated group
Guide to Subdivision 705‑A
705‑5 What this Subdivision is about
Application and object
705‑10 Application and object of this Subdivision
705‑15 Cases where this Subdivision does not have effect
Tax cost setting amount for assets that joining entity brings into joined group
705‑20 Tax cost setting amount worked out under this Subdivision
705‑25 Tax cost setting amount for retained cost base assets
705‑27 Reduction in tax cost setting amount that exceeds market value of certain retained cost base assets
705‑30 What is the joining entity's terminating value for an asset?
705‑35 Tax cost setting amount for reset cost base assets
705‑40 Tax cost setting amount for reset cost base assets held on revenue account etc.
705‑45 Reduction in tax cost setting amount for accelerated depreciation assets
705‑47 Reduction in tax cost setting amount for some privatised assets
705‑55 Order of application of sections 705‑40, 705‑45 and 705‑47
705‑56 Modification for tax cost setting in relation to leases
705‑57 Adjustment to tax cost setting amount where loss of pre‑CGT status of membership interests in joining entity
705‑58 Assets and liabilities not set off against each other
705‑59 Exception: treatment of linked assets and liabilities
How to work out the allocable cost amount
705‑60 What is the joined group's allocable cost amount for the joining entity?
705‑62 No double counting of amounts in allocable cost amount
705‑65 Cost of membership interests in the joining entity—step 1 in working out allocable cost amount
705‑70 Liabilities of the joining entity—step 2 in working out allocable cost amount
705‑75 Liabilities of the joining entity—reductions for purposes of step 2 in working out allocable cost amount
705‑76 Liability arising from transfer or assignment of securitised assets
705‑80 Liabilities of the joining entity—reductions/increases for purposes of step 2 in working out allocable cost amount
705‑85 Liabilities of the joining entity—increases for purposes of step 2 in working out allocable cost amount
705‑90 Undistributed, taxed profits accruing to joined group before joining time—step 3 in working out allocable cost amount
705‑93 If pre‑joining time roll‑over from foreign resident company or head company—step 3A in working out allocable cost