Income Tax Assessment Act 1997
This section applies if a *MEC group comes into existence at the time because of a choice under paragraph 719-40(e) . 719-78(2)
The company mentioned in paragraph 719-40(b) must give the Commissioner a notice in the *approved form containing the following information:
(a) the identity of the company;
(b) the time at which the *MEC group comes into existence;
(c) the identity of each *eligible tier-1 company of the *top company in relation to the MEC group on that day;
(d) the identity of each *subsidiary member of the group at that time;
(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;
(f) the identity of each entity that was not a subsidiary member of the group at that time but was such a subsidiary member when the notice is given;
(g) the identity of each entity that became a subsidiary member of the group after that time but was not such a subsidiary member when the notice is given. 719-78(3)
The notice must be given no later than:
(a) if the 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 company gives the Commissioner that income tax return; or
(b) otherwise - the last day in the period within which the 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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