Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) The * head company's terminating value for an asset that it holds at the leaving time because the leaving entity is taken by subsection 701 - 1(1) to be a part of the head company is worked out as follows.
(2) The amount is worked out by applying section 705 - 30 in a corresponding way to the way that section applies to work out the * terminating value for an asset that a joining entity holds at the joining time.
(3) However, that amount is the asset's * market value at the leaving time if:
(a) the asset is a right to receive lease payments under a lease; and
(b) the asset's * tax cost was set when an entity (whether the leaving entity or another entity) became a * subsidiary member of the old group; and
(c) the asset was taken to be a * retained cost base asset for the purposes of Division 705 when its tax cost was set, because of paragraph 705 - 56(3)(b).