Document ID: chunk:federal_register_of_legislation:C2005A00147:clause:2_15
Version: federal_register_of_legislation:C2005A00147
Segment Type: clause
Provision Reference: sch 2 cl 15
Character Range: 138330–139126

15  Before Subdivision 715‑V
Insert:

Subdivision 715‑U—Effect on conduit foreign income

Table of sections

715‑875 Extension of single entity rule and entry history rule
715‑880 No CFI for leaving entity

715‑875  Extension of single entity rule and entry history rule

 (1) Subsection 701‑1(1) (Single entity rule) and section 701‑5 (Entry history rule) also have effect for all the purposes of Subdivision 802‑A (about conduit foreign income).

 (2) This section is not intended to limit the effect that subsection 701‑1(1) and section 701‑5 have apart from this section.

715‑880  No CFI for leaving entity

  Despite section 701‑40 (the exit history rule), an entity that ceases to be a *subsidiary member of a *consolidated group at a time has no *conduit foreign income at that time.