Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 820.594

Treatment of FRT disallowed amounts--leaving case

    To avoid doubt, if the * head company of a * consolidated group has a * FRT disallowed amount and an entity ceases to be a * subsidiary member of the group, the entity is not taken because of section   701 - 40 (the exit history rule) to have the FRT disallowed amount.



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