s 715-699
In forceExtension of time for making choice if leaving time was before commencement
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 715Interactions between the consolidation rules and other areas of the income tax law
Subdivision 715-KExit history rule and choices
715-699 Extension of time for making choice if leaving time was before commencement
(1)
This section extends the time given by each of the following provisions of the Income Tax Assessment Act 1997 for making a choice because an entity ceases to be a subsidiary member of a consolidated group at the leaving time, if the leaving time is before the commencement of the provision:
(a)
subsection 715‑700(5);
(b)
subsection 715‑705(6).
(2)
A reference in each of those provisions to the end of 90 days after the leaving time has effect as if it were a reference to the end of 90 days after the commencement of the provision.
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