New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)

Schedule 12   Consolidation: MEC group cost setting rules

Income Tax Assessment Act 1997

2   Before subsection 719-160(1)

Insert:

(1A) This section applies if an entity (the MEC joining entity ) becomes a *subsidiary member of a *MEC group at a time (the MEC joining time ).