Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

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History

Part 3-90 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Division 719 - MEC groups  

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History

Div 719 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Subdivision 719-B - MEC groups and their members  

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Subdiv 719-B heading inserted by No 117 of 2002, s 3 and Sch 8 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

Basic concepts

SECTION 719-25   Head company, subsidiary members and members of a MEC group  

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719-25(1)    
The head company of a ^* MEC group is worked out under section 719-75 .

719-25(2)    
The remaining members of the group are the subsidiary members of the group.

719-25(3)    

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The members of a *MEC group are the *head company of the group and the *subsidiiary members of the group.

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History

S 719-25(3) inserted by No 56 of 2010, s 3 and Sch 5 item 12, effective 3 June 2010. For application provision, see note under s 703-75(2) .

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History

S 719-25 inserted by No 68 of 2002, s 3 and Sch 1 item 2, effective 24 October 2002 and applicable on and after 1 July 2002 (see sec 700-1 of the Income Tax (Transitional Provisions) Act 1997 ).

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