INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997

CHAPTER 3 - SPECIALIST LIABILITY RULES  

PART 3-90 - CONSOLIDATED GROUPS  

Division 715 - Interactions between the consolidation rules and other areas of the income tax law  

Subdivision 715-J - Entry history rule and choices  

SECTION 715-659   Extension of time for making choice if joining time was before commencement  

715-659(1)  
This section extends the time given by each of the following provisions of the Income Tax Assessment Act 1997 for making a choice because an entity becomes a member of a consolidated group, if, before the commencement of the provision, the Commissioner is given notice under Division 703 that the entity has become a member of the group:


(a) subsection 715-660(4) ;


(b) subsection 715-665(5) ;


(c) paragraph 715-675(1) (c).

715-659(2)  
A reference in each of those provisions to the end of 90 days after the Commissioner is given notice under Division 703 that the entity has become a member of the group has effect as if it were a reference to the end of 90 days after the commencement of the provision.


 

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