Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p6
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 6/45)
Character Range: 5922917–5925585

amount of a loss that accrued to the joined group during a particular period;
use the most reliable basis for estimation that is available.
 (10) Without limiting paragraph (9)(b), a way in which, for the purposes of subsection (7), the amount of a profit that accrued to the joined group during a particular period may be worked out is by:
 (a) assuming that profits of income years were distributed in order from the most recent to the earliest; and
 (b) assuming that, for any income year for which distributions were paid out of profits in accordance with paragraph (a), they were, to the extent they were not *franked distributions, paid out of profits of that income year that were not subject to income tax before they were paid out of such profits that were subject to income tax.

705‑93  If pre‑joining time roll‑over from foreign resident company or head company—step 3A in working out allocable cost amount

When there is a step 3A amount
 (1) For the purposes of step 3A in the table in section 705‑60, there is a step 3A amount if:
 (a) before the joining time:
 (i) there was a roll‑over under Subdivision 126‑B (a Subdivision 126‑B roll‑over) in relation to a *CGT event that happened in relation to an asset (the roll‑over asset); or
 (ii) former section 160ZZO of the Income Tax Assessment Act 1936 applied in relation to a disposal (a section 160ZZO roll‑over) of an asset (also the roll‑over asset); and
 (aa) at the joining time, as a result of the Subdivision 126‑B roll‑over or the section 160ZZO roll‑over, the roll‑over asset has:
 (i) a *deferred roll‑over gain; or
 (ii) a *deferred roll‑over loss; and
 (b) the originating company in relation to the Subdivision 126‑B roll‑over, or the transferor in relation to the section 160ZZO roll‑over:
 (i) was a foreign resident; or
 (ii) is the *head company in relation to the joined group; and
 (c) the recipient company in relation to the Subdivision 126‑B roll‑over, or the transferee in relation to the section 160ZZO roll‑over:
 (i) was an Australian resident; and
 (ii) is a *spread entity in relation to the joined group; and
 (d) if the recipient company was previously a *subsidiary member of another consolidated group—the conditions in section 104‑182 were not satisfied at any time in relation to the other group between the Subdivision 126‑B roll‑over, or the section 160ZZO roll‑over, and the joining time; and
 (e) the roll‑over asset is not a *pre‑CGT asset at the joining time; and
 (f) the roll‑over asset becomes that of the head company of the joined group because subsection 701‑1(1) (the single entity rule) applies when the joining entity becomes a *subsidiary member of the