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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