Commonwealth Consolidated Acts

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What this Subdivision is about

When an entity (other than an eligible tier-1 company) becomes a subsidiary member of a MEC group, the tax cost of its assets is set at a tax cost setting amount that is worked out in accordance with Divisions 701 and 705 as modified by this Subdivision. Assets of eligible tier-1 companies becoming members of a MEC group do not have their tax cost set.

Table of sections

Application and object

719-155    Object of this Subdivision

Modified application of tax cost setting rules for joining

719-160    Tax cost setting rules for joining have effect with modifications

719-165    Trading stock value and registered emissions unit value not set for assets of eligible tier-1 companies

719-170    Modified effect of subsections  705-175(1) and 705-185(1)

Application and object

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