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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 715.659

Extension of time for making choice if joining time was before commencement

             (1)  This section extends the time given by each of the following provisions of the Income Tax Assessment Act 1997 for making a choice because an entity becomes a member of a consolidated group, if, before the commencement of the provision, the Commissioner is given notice under Division 703 that the entity has become a member of the group:

                     (a)  subsection 715-660(4);

                     (b)  subsection 715-665(5);

                     (c)  paragraph 715-675(1)(c).

             (2)  A reference in each of those provisions to the end of 90 days after the Commissioner is given notice under Division 703 that the entity has become a member of the group has effect as if it were a reference to the end of 90 days after the commencement of the provision.

Table of sections

715-698    Application

715-699    Extension of time for making choice if leaving time was before commencement



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