Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC groups  

Subdivision 719-K - MEC group cost setting rules: pooling cases  

SECTION 719-560   Pooled interests  

719-560(1)    
A pooled interest in an ^* eligible tier-1 company that is a member of a ^* MEC group is a ^* membership interest in the eligible tier-1 company that is held by an entity that is not a member of the group.

Note:

A membership interest in the head company of a MEC group can be a pooled interest.

719-560(2)    
Despite subsection (1), a ^* membership interest is not a pooled interest if it is:

(a) a ^* share that is disregarded under subsection 719-30(2) ; or

(b) held by an entity only as a nominee of one or more other entities each of which is a member of the group.