Income Tax Assessment Act 1997
View history note
Hide history noteSECTION 719-700 Changeover times under section 165-115C or 165-115D 719-700(1)
This section has effect for the purposes of determining whether a time (the test time ) is a * changeover time under section 165-115C (about changes in ownership) or 165-115D (about changes in control) in respect of the * head company of a * MEC group.
Modified meaning of reference time
719-700(2)
The reference time is:
(a) if no * changeover time has occurred in respect of the head company since the group came into existence and before the test time - when the group came into existence; or
(b) otherwise - the time just after the last such changeover time.
719-700(3)
Subsection (2) of this section has effect despite subsection 165-115A(2A).
Assumptions to make
719-700(4)
Assume that, while the * MEC group exists:
(a) the * top company for the group holds and beneficially owns all the * membership interests in the * head company (instead of whoever actually does); and
(b) those membership interests remain the same; and
(c) the top company directly controls the voting power in the head company.
Disclaimer and notice of copyright applicable to materials provided by CCH Australia Limited
CCH Australia Limited ("CCH") believes that all information which it has provided in this site is accurate and reliable, but gives no warranty of accuracy or reliability of such information to the reader or any third party. The information provided by CCH is not legal or professional advice. To the extent permitted by law, no responsibility for damages or loss arising in any way out of or in connection with or incidental to any errors or omissions in any information provided is accepted by CCH or by persons involved in the preparation and provision of the information, whether arising from negligence or otherwise, from the use of or results obtained from information supplied by CCH.
The information provided by CCH includes history notes and other value-added features which are subject to CCH copyright. No CCH material may be copied, reproduced, republished, uploaded, posted, transmitted, or distributed in any way, except that you may download one copy for your personal use only, provided you keep intact all copyright and other proprietary notices. In particular, the reproduction of any part of the information for sale or incorporation in any product intended for sale is prohibited without CCH's prior consent.
