Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This section applies if the leaving entity mentioned in subsection 711 - 15(1) is a * subsidiary member of the old group that is an * eligible tier - 1 company.
(2) Paragraphs 711 - 15(1)(b) and (c) apply as if the membership interests mentioned in those paragraphs included * pooled interests in the * eligible tier - 1 company.
Note: This subsection means that, in working out tax cost setting amounts for internal interests in the eligible tier - 1 company, section 711 - 15 will allocate part of the old group's allocable cost amount for the eligible tier - 1 company to the pooled interests in the company. However, the tax cost of the pooled interests is not set according to section 711 - 15. Subdivision 719 - K contains rules that set the cost of the pooled interests.