(1) Sections 165 - 115ZA and 165 - 115ZB do not apply in relation to an * alteration time that happens for the * head company of a * MEC group because of subsection 719 - 725(4) (trigger time for MEC group cost setting rules: pooling cases).
(2) Instead, Subdivision 719 - K applies to the * MEC group, in relation to the trigger time, on the basis that:
(a) what would, apart from this section, be the pooled cost amount for the purposes of the formulas in subsections 719 - 570(1) and (2) is reduced by the amount of the * head company's overall loss under section 165 - 115R or 165 - 115S at that alteration time; but
(b) paragraph (a) of this subsection only affects the
application of those formulas because of subsection 719 - 570(3) (to
work out the * reduced cost base of a * membership interest).