Income Tax Assessment Act 1997
CHAPTER 3
-
SPECIALIST LIABILITY RULES
PART 3-90
-
CONSOLIDATED GROUPS
Division 719
-
MEC groups
Subdivision 719-C
-
MEC group cost setting rules: joining cases
SECTION 719-150
What this Subdivision is about
View history note
Hide history noteWhen an entity (other than an eligible tier-1 company) becomes a subsidiary member of a MEC group, the tax cost of its assets is set at a tax cost setting amount that is worked out in accordance with Divisions 701 and 705 as modified by this Subdivision. Assets of eligible tier-1 companies becoming members of a MEC group do not have their tax cost set.
This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.