Income Tax (Transitional Provisions) Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC rules  

Subdivision 719-C - Cost setting  

SECTION 719-165   Modified effect of paragraph 701-45(1)(b)  

719-165(1)    
This section applies if the transitional group mentioned in paragraph 701-45(1) (b) of this Act is a MEC group.

719-165(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.