Document ID: chunk:federal_register_of_legislation:C2009C00311:clause:1_4:p1
Version: federal_register_of_legislation:C2009C00311
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 1/2)
Character Range: 16958–19887

4  At the end of Division 715
Add:

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);
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 the *head company of a *consolidated group (the acquired group) just before the arrangement was completed; and
 (c) as a result of the arrangement:
 (i)