Document ID: chunk:federal_register_of_legislation:C2025C00029:section:1:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 1 (pt 6/19)
Character Range: 6295477–6298417

asset, which in turn can affect the tax cost setting amount for the asset under sections 705‑40, 705‑45 and 705‑47.

Subdivision 715‑W—Effect on arrangements where CGT roll‑overs are obtained

Table of sections
715‑910 Effect on restructures—original entity becomes a subsidiary member
715‑915 Effect on restructures—original entity is a head company
715‑920 Effect on restructures—original entity is a head company that becomes a subsidiary member of another group
715‑925 Effect on restructures—original entity ceases being a subsidiary member

715‑910  Effect on restructures—original entity becomes a subsidiary member
 (1) This section applies if:
 (a) as a result of an *arrangement to which section 124‑784A applies, an original entity (within the meaning of that section) becomes a *subsidiary member of a *consolidated group; and
 (b) section 715‑920 does not apply.
Note 1: Section 715‑920 applies if the original entity was the head company of another consolidated group before the arrangement was completed.
Note 2: Sections 124‑784A and 124‑784B apply to arrangements for restructures.
 (2) For the purposes of section 124‑784B:
 (a) the completion time (within the meaning of that section) for the *arrangement is taken to be the time the original entity becomes a member of the group; and
 (b) disregard Division 701 (Core rules) in relation to the original entity becoming a member of the group.
 (3) The *head company of the group may choose for:
 (a) section 701‑10 (cost to head company of assets of joining entity); and
 (b) subsection 701‑35(4) (setting value of trading stock at tax‑neutral amount); and
 (c) subsection 701‑35(5) (setting value of registered emissions unit at tax‑neutral amount);
not to apply to the original entity's assets in respect of the original entity becoming a *subsidiary member of the group.
Note: This subsection does not affect the application of subsection 701‑1(1) (the single entity rule).

715‑915  Effect on restructures—original entity is a head company
  If:
 (a) section 124‑784A applies in relation to an *arrangement; and
 (b) the original entity (within the meaning of that section) for the arrangement is the *head company of a *consolidated group just before the arrangement was completed; and
 (c) section 715‑920 does not apply;
then, for the purposes of section 124‑784B, subsection 701‑1(1) (the single entity rule) and section 701‑5 (the entry history rule) apply in respect of the group.
Note 1: This section does not otherwise affect the application of subsection 701‑1(1) or section 701‑5.
Note 2: Sections 124‑784A and 124‑784B apply to arrangements for restructures.

715‑920  Effect on restructures—original entity is a head company that becomes a subsidiary member of another group
 (1) This section applies if:
 (a) section 124‑784A applies in relation to an *arrangement; and
 (b) the original entity (within the meaning of that section) for the arrangement is