Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 719-75 Head company
Group in existence throughout income year
719-75(1)
If:
(a) a company is the * provisional head company of a * MEC group at the end of the income year of the company; and
(b) the group was in existence throughout the income year;
the company is the head company of the group at all times during the income year.
Group comes into existence in income year
719-75(2)
If:
(a) a company is the * provisional head company of a * MEC group at the end of the income year of the company; and
(b) the group is in existence at the end of the income year; and
(c) the group came into existence in the income year;
that company is the head company of the group at all times during the period:
(d) beginning when the group came into existence; and
(e) ending at the end of the income year.
Group ceases to exist in income year
719-75(3)
If:
(a) a * MEC group ceases to exist in an income year of a company; and
(b) the company was the * provisional head company of the group immediately before the group ceased to exist;
that company is the head company of the group at all times during the period:
(c) beginning at whichever is the later of:
(i) the start of the income year; and
(ii) the time the group came into existence; and
(d) ending at the time when the group ceased to exist.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
