Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 719.2

  (1)   This Part (other than Division   701B, 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.

  (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 and this Division) to a provision in:

  (a)   Division   703 of this Act; or

  (b)   Division   703 of the Income Tax Assessment Act 1997 ;

applies as if it referred instead to the corresponding provision in:

  (c)   Division   719 of this Act; or

  (d)   Division   719 of the Income Tax Assessment Act 1997 .

Table of sections

719 - 5   Debt interests that are not membership interests

719 - 10   Effect of Division   701C

719 - 15   Modified effect of subsection   701D - 10(2)

719 - 30   Employee share schemes