ITAA 1997 s 701C-10 and section 701C-20 of IT(TP)A 1997, both A Co and B Co also qualify as subsidiary members of the consolidatable group under section 703-15

Income tax: consolidation: membership: can an Australian resident subsidiary which qualifies as a transitional foreign-held subsidiary or a transitional foreign-held indirect subsidiary of a consolidatable or potential MEC group under the transitional rules in Division 701C of the Income Tax (Transitional Provisions) Act 1997 remain outside the group when the group consolidates?