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In Australia, fixed trusts and 100% partnerships can be members of a consolidated group, but the head company must be a company and cannot be a trust or partnership.

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Short periods may be required upon joining or leaving a group.There are typically complex rules to deal with the acquisition of companies with tax losses or other tax attributes.Both the United States and Australia have rules which restrict the use of such losses in the wider group.Consolidation is usually an all-or-nothing event: once the decision to consolidate has been made, companies are irrevocably bound.Only by having less than a 100% interest in a subsidiary can that subsidiary be left out of the consolidation.

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