Commonwealth Consolidated Acts

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INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 719.165

Modified effect of paragraph 701 - 45(1)(b)

  (1)   This section applies if the transitional group mentioned in paragraph   701 - 45(1)(b) of this Act is a MEC group.

  (2)   That paragraph applies as if the reference in that paragraph to the entity that became the head company were a reference to any entity that became a member of the group, and that was an eligible tier - 1 company, at the time the transitional group came into existence.

Table of sections

719 - 305   Available fraction for bundle of losses not affected by concessional rules

719 - 310   Certain choices may be revoked


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