ITAA 1997 s 125-C relies on a number of concepts - demerger, demerger group and demerging entity - the meanings of which are established in Subdivision 125-B

Income tax: consolidation: capital gains: does the single entity rule in section 701-1 of the Income Tax Assessment Act 1997 apply in determining whether the consequences in Subdivision 125-C of the Income Tax Assessment Act 1997 apply to the head company of a consolidated group where one or more subsidiary members hold ownership interests in an entity outside the group that is being demerged?