01 Jun 066 Consolidation: entity ceasing to be a subsidiary member of an acquired group - TD 2006/38This final Taxation Determination was issued on 31 May 2006. It was previously released in draft form as TD 2005/D44: see 2005 TAXVINE No 40 (15) (14 October 2006). Its full title is "Income tax: consolidation: can Division 711 of ITAA 1997 apply for the purpose of the core rules in Division 701 upon an entity ceasing to be a subsidiary member of an acquired consolidated group where Subdivision 705-C operates?" The answer given is No.
For a copy of TD 2006/38, go here