Section 705Income Tax Assessment Act 1997 (Cth)

‑1  What this Division is about

When an entity becomes a subsidiary member of a consolidated group, the tax cost of its assets is set at a tax cost setting amount that is worked out in accordance with this Division.

Table of Subdivisions

705‑A Basic case: a single entity joining an existing consolidated group

705‑B Case of group formation

705‑C Case where a consolidated group is acquired by another

705‑D Where multiple entities are linked by membership interests

705‑E Adjustments for errors etc.

Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.

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