s 719-2
In forceModified application of Part 3‑90 to MEC groups
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 719MEC rules
Subdivision 719-AModified application of Part 3‑90 to MEC groups
719-2 Modified application of Part 3‑90 to MEC groups
(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.
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