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INCOME TAX ASSESSMENT ACT 1997 - SECT 719.2

Modified application of Part 3 - 90 to MEC groups

  (1)   This Part (other than Division   703 and this Division) has effect in relation to a * MEC group in the same way in which it has effect in relation to a * consolidated group.

Note:   A provision in this Part (other than in Division   703 or in this Division) mentioning 2 separate consolidated groups will, under subsection   (1), have an additional operation when the groups are both MEC groups or when one is a MEC group and the other is a consolidated group.

  (2)   However, that effect is subject to the modifications set out in this Division.

  (3)   For the purposes of subsection   (1), a reference in this Part (other than in Division   703 or this Division) to a provision in Division   703 applies as if it referred instead to that provision or the corresponding provision in Subdivision   719 - B (as appropriate).



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