Taxation Laws Amendment Act (No. 6) 2003 (67 of 2003)

Schedule 5   Consolidation: transitional foreign-held membership structures

Income Tax (Transitional Provisions) Act 1997

6   At the end of subsection 701C-15(1)

Add:

Note: This subsection applies in relation to a MEC group as if the reference to item 2, column 4 of the table in subsection 703-15(2) of the Income Tax Assessment Act 1997 were a reference to subparagraph 719-10(1)(b)(iii) of that Act (see subsection 719-2(3) of this Act).