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COMMONWEALTHAct
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s 719-10

Effect of Division 701C

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Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 719MEC rules
Subdivision 719-BMEC groups and their members

719-10 Effect of Division 701C

(1)

This section applies if the consolidated group mentioned in section 701C‑10 or 701C‑15 is a MEC group.

(2)

To avoid doubt, for the purposes of those sections, the test entity cannot be a subsidiary member of the group if the group came into existence on or after 1 July 2004.

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Section 719-10 — Effect of Division 701C — Income Tax (Transitional Provisions) Act 1997 (Commonwealth) — Barrister AI