As the financial year moves inexorably toward its end, the focus of tax executives and practitioners will be directed toward the consolidation regime and understanding the numerous technical areas, lessons learned to date, long term pitfalls and of course whether will we advise on electing in or out.
Given the need to decide on consolidation by lodgement of the 2003 tax return the time factor is now starting to add to the adviser's log of consolidation issues that for many represent the most significant corporate development for 17 years.