Consolidation reference manual

C10 - Multiple entry consolidated (MEC) groups

Section	Title	Currency date
C10	Multiple entry consolidated (MEC) groups
C10-0	About this section	6 May 2011
C10-1	Multiple entry consolidated (MEC) groups	6 May 2011
C10-1-110	MEC groups - notices to be given to the Commissioner	6 May 2011
C10-1-210	Group conversions	6 May 2011
C10-2	Worked examples
	Formation and conversion:
C10-2-110	Choice on formation, special conversion events and acquisition of new eligible tier-1 companies	6 May 2011
C10-2-115	Original and new eligible tier-1 companies of a MEC group	6 May 2011
C10-2-120	Transitional provisions for foreign-held, Australian-resident subsidiaries to be members of a MEC group	26 October 2005
C10-2-130	Provisional head company	6 May 2011
C10-2-140	A consolidated group is created from a MEC group	6 May 2011
	Cost setting at joining and formation:
C10-2-210	Cost setting rules for assets of a MEC group - at joining and formation times	6 May 2011
C10-2-215	Tax cost setting of assets - expansion of a MEC group to include new eligible tier-1 companies	12 September 2006
	Losses:
C10-2-310	Adjusting available fraction - a new eligible tier-1 company joins a MEC group	12 September 2006
C10-2-320	Apportioning the use of losses - new eligible tier-1 company joins part-way through income year	15 April 2010
C10-2-325	MEC groups and losses - determining whether the focal company satisfies the continuity of ownership test	6 May 2011
C10-2-330	Identifying the test company to determine continuity of ownership of the focal company in a MEC group - COT transfer of losses	28 May 2003
C10-2-340	Identifying the test company to determine continuity of ownership of the focal company in a MEC group - SBT satisfied	28 May 2003
C10-2-350	Determining the start of a test company's loss year to assess the continuity of ownership of the focal company in a MEC group (COT transfer of a loss)	6 May 2011
C10-2-360	Determining the start of a test company's loss year to assess continuity of ownership of the focal company in a MEC group (special conversion event)	6 May 2011
C10-2-370	Freezing the ownership of the test company - COT transfer of a loss to the head company of a MEC group	28 May 2003
C10-2-380	Freezing the ownership structure of a MEC group - when a loss-making company becomes head company of the group	6 May 2011
C10-2-390	Continuity of a potential MEC group when the identity of the top company changes - assumptions about the test company failing the COT	6 May 2011
C10-2-391	Assumptions about the test company failing the COT - potential MEC group ceases to exist	6 May 2011
C10-2-392	Assumptions about the test company failing the COT - MEC group ceases to exist because there ceases to be a provisional head company	6 May 2011
C10-2-395	Acquisition of part of a MEC group - transfer of losses to newly formed consolidated group	6 May 2011
	Cost setting at leaving:
C10-2-410	Events that trigger pooling in a MEC group	26 October 2005
C10-2-420	Pooling of external membership interests	26 October 2005
C10-2-430	An eligible tier-1 company leaving a MEC group	6 May 2011
C10-3	Forms:
C10-3-110	Notification of formation of a MEC group (Withdrawn 6 May 2011)
C10-3-120	Notification of members joining and/or leaving a MEC group (Withdrawn 6 May 2011)
C10-3-130	Notification of conversion to a MEC group (Withdrawn 6 May 2011)
C10-3-140	Notification of continuation of a MEC group with a new provisional head company (Withdrawn 6 May 2011)
C10-3-150	Notification of provisional head company no longer eligible MEC group (Withdrawn 6 May 2011)

Sections within Part C - Detailed information

• C1 - Eligibility
• C2 - Assets
• C3 - Losses
• C4 - Market valuation
• C5 - Franking credits
• C6 - International
• C7 - Making a choice in writing - and notifying
• C8 - PAYG instalments
• C9 - Determine tax liabilities, manage obligations
• C10 - Multiple entry consolidated (MEC) groups