Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC groups  

Subdivision 719-T - Interactions between this Part and other areas of the income tax law: special rules for MEC groups  

Cancelling loss on realisation event for direct or indirect interest in a subsidiary member of a MEC group

SECTION 719-785  

719-785   Exception for interests in top company  

The first condition in section 719-775 cannot be satisfied, because of a ^* MEC group, at a time when:

(a) the first entity was the ^* top company for the MEC group; or

(b) the realised interest was an ^* indirect equity or loan interest in the top company for the MEC group.