Income Tax Assessment Act 1997



Division 719 - MEC groups  

Subdivision 719-B - MEC groups and their members  

Notice of events affecting group

SECTION 719-77   Notice in relation to new eligible tier-1 members etc  

This section applies if:

(a) a *MEC group consists of the members of a *potential MEC group derived from one or more *eligible tier-1 companies of a *top company; and

(b) one or more other companies become eligible tier-1 companies of the top company at a time because of a choice under subsection 719-5(4) .

The *head company of the *MEC group must give the Commissioner a notice in the *approved form containing the following information:

(a) the identity of the head company;

(b) the time mentioned in paragraph (1)(b);

(c) the identity of each entity that became an *eligible tier-1 company of the *top company in relation to the MEC group at that time because of the choice;

(d) the identity of each entity that became a *subsidiary member of the group at that time because of the choice;

(e) the identity of each entity that was a subsidiary member of the group at that time but was not such a subsidiary member when the notice is given.

The notice must be given no later than:

(a) if the *head company is required to give the Commissioner its *income tax return for the income year during which that time occurs - the day on which the head company gives the Commissioner that income tax return; or

(b) otherwise - the last day in the period within which the head company would be required to give the Commissioner such a return if it were required to give the Commissioner such a return.


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