Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC rules  

Subdivision 719-A - Modified application of Part 3-90 to MEC groups  

SECTION 719-2   Modified application of Part 3-90 to MEC groups  

719-2(1)    

This Part (other than Division 701B , Division 703 and this Division) has effect in relation to a MEC group in the same way in which it has effect in relation to a consolidated group.

719-2(2)    
However, that effect is subject to the modifications set out in this Division.

719-2(3)    

For the purposes of subsection (1), a reference in this Part (other than in Division 703 and this Division) to a provision in:

(a) Division 703 of this Act; or

(b) Division 703 of the Income Tax Assessment Act 1997 ;

applies as if it referred instead to the corresponding provision in:

(c) Division 719 of this Act; or

(d) Division 719 of the Income Tax Assessment Act 1997 .