Section 717 — Income Tax Assessment Act 1997 (Cth)

‑1 What this Subdivision is about

If an entity becomes a subsidiary member of a consolidated group, the head company receives any tax offsets under section 770‑10 that arise because the entity pays foreign income tax while it is a subsidiary member of the group.

Table of sections

Object

717‑5 Object of this Subdivision

Foreign income tax on amounts in head company’s assessable income

717‑10 Head company taken to be liable for subsidiary member’s foreign income tax

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.

Related sections

s 713 — ‑20 Increasing the step 1 amount for settled capital that could be distributed tax free in respect of discretionary interests
s 715 — ‑15 Object of this Subdivision
s 716 — ‑1 What this Division is about
s 719 — ‑2 Modified application of Part 3‑90 to MEC groups
s 721 — ‑1 What this Division is about
s 723 — ‑1 Object

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