Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 715.699

Extension of time for making choice if leaving 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 ceases to be a subsidiary member of a consolidated group at the leaving time, if the leaving time is before the commencement of the provision:

                     (a)  subsection 715-700(5);

                     (b)  subsection 715-705(6).

             (2)  A reference in each of those provisions to the end of 90 days after the leaving time has effect as if it were a reference to the end of 90 days after the commencement of the provision.

Table of Subdivisions

716-G   Software development pools

Table of sections

716-340    Expenditure incurred before 1 July 2001 and allocated to a software pool



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