(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