Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)
Schedule 5 Consolidation: transitional foreign-held membership structures
Income Tax (Transitional Provisions) Act 1997
10 At the end of Subdivision 719-B
Add:
719-10 Effect of Division 701C
(1) This section applies if the consolidated group mentioned in section 701C-10 or 701C-15 is a MEC group.
(2) To avoid doubt, for the purposes of those sections, the test entity cannot be a subsidiary member of the group if the group came into existence on or after 1 July 2004.
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