Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 820.581

    If a * consolidated group or * MEC group:

  (a)   comes into existence at a time during an income year that is not the start of the income year; or

  (b)   ceases to exist at a time during an income year that is not the end of the income year;

then, for each of the following periods during that income year:

  (c)   a period throughout which a company is the * head company of that group; or

  (d)   a period throughout which that company is the head company of a different consolidated group or MEC group; or

  (e)   a period throughout which that company is a * member of no consolidated group or MEC group;

this Division (except this section) is to have either:

  (f)   a single application in relation to the whole of the period; or

  (g)   2 or more applications, each in relation to a part of that period.