Taxation Administration Act 1953
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
In applying Subdivision 45-Q to members of a *MEC group for an *instalment quarter of the *provisional head company of the group in an income year of the provisional head company, the company is taken to be a *life insurance company for that quarter if:
(a) one or more life insurance companies are members of the group at any time during that quarter; or
(b) one or more life insurance companies were members of the group at any time during a previous instalment quarter of the company in that year.
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