Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf an entity ceases to be a subsidiary member of a consolidated group, the tax cost setting amount for the group's membership interests in the entity reflects the group's cost for the entity's net assets.
Table of sections
Application and object of this Division
711 - 5 Application and object of this Division
Tax cost setting amount for membership interests etc.
711 - 10 Tax cost setting amount worked out under this Division
711 - 15 Tax cost setting amount where no multiple exit
711 - 20 What is the old group's allocable cost amount for the leaving entity?
711 - 25 Terminating values of the leaving entity's assets--step 1 in working out allocable cost amount
711 - 30 What is the head company's terminating value for an asset?
711 - 35 If head company becomes entitled to certain deductions--step 2 in working out allocable cost amount
711 - 40 Liabilities owed to the leaving entity by members of the old group--step 3 in working out allocable cost amount
711 - 45 Liabilities etc. owed by the leaving entity--step 4 in working out allocable cost amount
711 - 46 Liability arising from transfer or assignment of securitised assets
711 - 55 Tax cost setting amount for membership interests where multiple exit
711 - 65 Membership interests treated as having been acquired before 20 September 1985
711 - 70 Additional integrity rule if membership interests treated as having been acquired before 20 September 1985 under section 711 - 65--application of Division 149 to head company
711 - 75 Additional integrity rule if membership interests treated as having been acquired before 20 September 1985 under section 711 - 65--application of CGT event K6