Document ID: chunk:federal_register_of_legislation:C2025C00029:section:4:p58
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 4 (pt 58/95)
Character Range: 5695003–5698031

head company of membership interests in entity that leaves group
701‑20 Cost to head company of assets consisting of certain liabilities owed by entity that leaves group
701‑25 Tax‑neutral consequence for head company of ceasing to hold assets when entity leaves group
Entity rules
701‑30 Where entity not subsidiary member for whole of income year
701‑35 Tax‑neutral consequence for entity of ceasing to hold assets when it joins group
701‑40 Exit history rule
701‑45 Cost of assets consisting of liabilities owed to entity by members of the group
701‑50 Cost of certain membership interests of which entity becomes holder on leaving group
Supporting provisions
701‑55 Setting the tax cost of an asset
701‑56 Application of subsection 701‑55(6)
701‑58 Effect of setting the tax cost of an asset that the head company does not hold under the single entity rule
701‑60 Tax cost setting amount
701‑60A Tax cost setting amount for asset emerging when entity leaves group
701‑61 Assets in relation to Division 230 financial arrangement—head company's assessable income or deduction
701‑63 Right to future income and WIP amount asset
701‑65 Net income and losses for trusts and partnerships
701‑67 Assets in this Part are CGT assets, etc.
Exceptions
701‑70 Adjustments to taxable income where identities of parties to arrangement merge on joining group
701‑75 Adjustments to taxable income where identities of parties to arrangement re‑emerge on leaving group
701‑80 Accelerated depreciation
701‑85 Other exceptions etc. to the rules
Division 703—Consolidated groups and their members
Guide to Division 703
703‑1 What this Division is about
Basic concepts
703‑5 What is a consolidated group?
703‑10 What is a consolidatable group?
703‑15 Members of a consolidated group or consolidatable group
703‑20 Certain entities that cannot be members of a consolidated group or consolidatable group
703‑25 Australian residence requirements for trusts
703‑30 When is one entity a wholly‑owned subsidiary of another?
703‑33 Transfer time for sale of shares in company
703‑35 Treating entities as wholly‑owned subsidiaries by disregarding employee shares
703‑37 Disregarding certain preference shares following an ADI restructure
703‑40 Treating entities held through non‑fixed trusts as wholly‑owned subsidiaries
703‑45 Subsidiary members or nominees interposed between the head company and a subsidiary member of a consolidated group or a consolidatable group
Choice to consolidate a consolidatable group
703‑50 Choice to consolidate a consolidatable group
Consolidated group created when MEC group ceases to exist
703‑55 Creating consolidated groups from certain MEC groups
Notice of events affecting consolidated group
703‑58 Notice of choice to consolidate
703‑60 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