Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p18
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 18/30)
Character Range: 6189574–6192557

measure the company's adjusted liability for remaining coverage.

Division 715—Interactions between this Part and other areas of the income tax law

Table of Subdivisions
715‑A Treatment of unrealised losses existing when ownership or control of a company changes before or during consolidation
715‑B How Subdivision 165‑CD applies to consolidated groups and leaving entities
715‑C Common rules for the purposes of Subdivisions 715‑A and 715‑B
715‑D Treatment of company's deferred losses under Subdivision 170‑D on joining a consolidated group
715‑E Interactions with Division 775 (Foreign currency gains and losses)
715‑F Interactions with Division 230 (financial arrangements)
715‑G How value shifting rules apply to a consolidated group
715‑H Cancelling loss on realisation event for direct or indirect interest in a member of a consolidated group
715‑J Entry history rule and choices
715‑K Exit history rule and choices
715‑U Effect on conduit foreign income
715‑V Entity ceasing to be exempt from income tax on becoming subsidiary member of consolidated group
715‑W Effect on arrangements where CGT roll‑overs are obtained

Subdivision 715‑A—Treatment of unrealised losses existing when ownership or control of a company changes before or during consolidation

Table of sections

Object
715‑15 Object of this Subdivision

Effect on Subdivision 165‑CC of a company becoming a member of a consolidated group
715‑25 Subdivision 165‑CC stops applying to earlier changeover time
715‑30 Meaning of 165‑CC tagged asset
715‑35 Meaning of final RUNL

165‑CC tagged assets that affect tax cost setting amounts
715‑50 Step 1 amount is reduced if membership interest in subsidiary member is 165‑CC tagged asset and business continuity test is failed
715‑55 Step 2 amount is affected if liability of subsidiary member is 165‑CC tagged asset of another group member and business continuity test is failed

165‑CC tagged assets that form loss denial pools of head company when consolidated group is formed
715‑60 Assets that the head company already owns
715‑70 Assets of subsidiary member that become those of head company

How Subdivision 165‑CC applies to consolidated groups
715‑75 Extension of single entity rule and entry history rule

Effect on Subdivision 165‑CC of entity leaving consolidated group
715‑80 Application of sections 715‑85 to 715‑110
715‑85 First changeover time for leaving company at or after leaving time
715‑90 How business continuity test applies if leaving time is changeover time for leaving company
715‑95 If ownership and control of leaving entity have not changed since head company's last changeover time
715‑100 First choice: adjustable values of leaving assets reduced to nil
715‑105 Second choice: head company's final RUNL applied in reducing adjustable values of leaving assets that are loss assets
715‑110 Third choice: loss denial pool of leaving entity created

Effect of assets in loss denial pool of head company becoming assets of leaving entity