Income Tax Assessment Act 1997
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) . 719-77(2)
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. 719-77(3)
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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