New Business Tax System (Consolidation and Other Measures) Act (No. 1) 2002 (117 of 2002)

Schedule 8   Consolidation: MEC groups

Income Tax Assessment Act 1997

4   Paragraph 719-5(4)(d)

Repeal the paragraph, substitute:

(d) if:

(i) a company specified in the notice under paragraph (c) was a member of another MEC group immediately before that time; and

(ii) all of the eligible tier-1 companies in that other MEC group became eligible tier-1 companies of the top company at that time;

each eligible tier-1 company in that other MEC group is specified in the notice under paragraph (c);


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