Tax Laws Amendment (2004 Measures No. 2) Act 2004 (83 of 2004)
Schedule 2 Consolidation etc.
Part 3 Technical amendments relating to membership rules
Income Tax Assessment Act 1997
7 Subsection 126-50(6)
Repeal the subsection, substitute:
(6) If the originating company or the recipient company is an Australian resident at the time of the trigger event, that company must:
(a) be a *member of a *consolidated group or *MEC group at that time; or
(b) not be a member of a *consolidatable group at that time.
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