Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.500

When an entity ceases to be a subsidiary member of a MEC group, the tax cost setting amount for the group's membership interests in the entity is worked out in accordance with Division   711 as modified by this Division.

Table of sections

719 - 505   Application and object of this Subdivision

719 - 510   Modified operation of paragraphs 711 - 15(1)(b) and (c)