s 713-515
In forceEntities must choose the relief
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 713Rules for particular kinds of entities
Subdivision 713-LTransitional relief for certain transactions relating to life insurance companies
713-515 Entities must choose the relief
(1)
This Subdivision applies only if the originating entity (for a section 713‑505 case) or the life insurance company (for a section 713‑510 case) chooses that it apply.
(2)
The choice must be made:
(a)
by the day the originating entity or the life insurance company, or the head company of the consolidated group of which it is a member, lodges its income tax return for the income year in which the deferral event happened; or
(b)
within a further time allowed by the Commissioner.
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