Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 713.515

  (1)   This Subdivision applies only if the originating entity (for a section   713 - 505 case) or the life insurance company (for a section   713 - 510 case) chooses that it apply.

  (2)   The choice must be made:

  (a)   by the day the originating entity or the life insurance company, or the head company of the consolidated group of which it is a member, lodges its income tax return for the income year in which the deferral event happened; or

  (b)   within a further time allowed by the Commissioner.