Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 820-587 820-587 Additional application of Subdivision 820-D to MEC group that includes foreign-controlled Australian ADI
Subdivision 820-D applies to the *head company of a *MEC group as if it were an *outward investing entity (ADI) for a period that is all or part of an income year if:
(a) the head company is not an outward investing entity (ADI) for that period; and
(b) throughout that period, at least one *member of the group is both a *foreign controlled Australian entity and an *ADI; and
(c) throughout that period, there is at least one *eligible tier-1 company of the *top company for the group that:
(i) is a member of the group; and
(ii) is not an ADI; and
(iii) has no *wholly-owned subsidiary that is an ADI.
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.
