Tax Laws Amendment (2010 Measures No. 1) Act 2010 (56 of 2010)

Schedule 5   Consolidation

Part 5   Pre-joining time roll-overs

Income Tax Assessment Act 1997

53   Subsection 995-1(1)

Insert:

stick entity :

(a) in relation to a *consolidated group - means a *member of the group that is:

(i) the *head company of the group; or

(ii) a chosen transitional entity (within the meaning of Division 701 of the Income Tax (Transitional Provisions) Act 1997); or

(iii) a transitional foreign-held subsidiary (within the meaning of Division 701C of the Income Tax (Transitional Provisions) Act 1997); or

(b) in relation to a *MEC group - means a member of the group that is:

(i) the head company of the group; or

(ii) a chosen transitional entity (within the meaning of Division 701 of the Income Tax (Transitional Provisions) Act 1997); or

(iii) a transitional foreign-held subsidiary (within the meaning of Division 701C of the Income Tax (Transitional Provisions) Act 1997); or

(iv) an *eligible tier-1 company.