Income Tax Assessment Act 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 719 - MEC groups  

Subdivision 719-B - MEC groups and their members  

Notice of events affecting group

SECTION 719-79   Notice of appointment of provisional head company after formation of group  

719-79(1)    
This section applies if an entity is appointed to be the *provisional head company of a *MEC group because of a choice under subsection 719-60(3) .

719-79(2)    
The *provisional head company must give the Commissioner a notice in the *approved form containing the following information:

(a) the identity of the provisional head company;

(b) the day on which the choice was made;

(c) the day on which the *cessation event mentioned in subsection 719-60(3) occurs.

719-79(3)    
The notice must be given no later than:

(a) if:

(i) the group came into existence because of a choice under section 719-50 ; and

(ii) the event happens more than 28 days before a notice under section 719-76 in relation to the choice is given;

the day on which the notice mentioned in subparagraph (ii) is given; or

(b) in any other case - 28 days after the *cessation event.