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

5   Paragraph 719-40(1)(f)

Repeal the paragraph, substitute:

(f) if:

(i) a company specified in the notice under paragraph (e) 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 (e).