Income Tax Assessment Act 1997
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Hide history noteSECTION 719-460 Assumptions about nothing happening to affect direct and indirect ownership of the test company 719-460(1)
This section sets out an assumption that must be made whenever there is a change in the identity of the * top company for the * MEC group during the * ownership test period.
719-460(2)
Assume that after the change nothing happens in relation to * membership interests or voting power in the following entities that would affect whether the test company would meet the conditions in section 165-123 :
(a) the company that was the * top company for the * MEC group before the change;
(b) an entity (if any) that at the time of the change was interposed between:
(i) the company that was the top company for the MEC group before the change; and
(ii) the company that became the top company for the MEC group as part of the change.
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