Commonwealth Consolidated Acts Commonwealth Consolidated ActsThe head company of a MEC group is taken to meet the conditions in section 165 - 123 (about maintaining the same ownership in an ownership test period to be able to deduct a bad debt) if and only if the top company for the group at the start of the period meets those conditions for the period.
Table of sections
Maintaining the same ownership to be able to deduct bad debt
719 - 455 Special test for deducting a bad debt because a company maintains the same owners
719 - 460 Assumptions about nothing happening to affect direct and indirect ownership of the test company
719 - 465 Assumptions about the test company failing to meet the conditions in section 165 - 123