Income Tax Assessment Act 1997
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Hide history noteSECTION 719-735 Some alteration times affect only pooled interests 719-735(1)
Sections 165-115ZA and 165-115ZB do not apply in relation to an * alteration time that happens for the * head company of a * MEC group because of subsection 719-725(4) (trigger time for MEC group cost setting rules: pooling cases).
719-735(2)
Instead, Subdivision 719-K applies to the * MEC group, in relation to the trigger time, on the basis that:
(a) what would, apart from this section, be the pooled cost amount for the purposes of the formulas in subsections 719-570(1) and (2) is reduced by the amount of the * head company's overall loss under section 165-115R or 165-115S at that alteration time; but
(b) paragraph (a) of this subsection only affects the application of those formulas because of subsection 719-570(3) (to work out the * reduced cost base of a * membership interest).
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