INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997
This section applies if the transitional group mentioned in paragraph 701-45(1) (b) of this Act is a MEC group. 719-165(2)
That paragraph applies as if the reference in that paragraph to the entity that became the head company were a reference to any entity that became a member of the group, and that was an eligible tier-1 company, at the time the transitional group came into existence.
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