Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC rules  

Subdivision 719-B - MEC groups and their members  

SECTION 719-10   Effect of Division 701C  

719-10(1)    
This section applies if the consolidated group mentioned in section 701C-10 or 701C-15 is a MEC group.

719-10(2)    
To avoid doubt, for the purposes of those sections, the test entity cannot be a subsidiary member of the group if the group came into existence on or after 1 July 2004.