Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.785

    The first condition in section   719 - 775 cannot be satisfied, because of a * MEC group, at a time when:

  (a)   the first entity was the * top company for the MEC group; or

  (b)   the realised interest was an * indirect equity or loan interest in the top company for the MEC group.