Legislation

ITAA 1997 s 701C-10 or section 701C-15 of the IT(TP)A 1997 will be a TFHS or a TFHIS and will, therefore, be a subsidiary member of any potential MEC group derived from that eligible tier-1 company under section 719-10

ATO documents that consider ITAA 1997 s 701C-10 or section 701C-15 of the IT(TP)A 1997 will be a TFHS or a TFHIS and will, therefore, be a subsidiary member of any potential MEC group derived from that eligible tier-1 company under section 719-10

1 document

TD 2005/D8 (Finalised)replacedTD · 2005

Income tax: consolidation: membership: can an Australian resident subsidiary which qualifies as a transitional foreign-held subsidiary or a transitional foreign-held indirect subsidiary of a consolidatable or potential MEC group under the transitional rules in Division 701C of the Income Tax (Transitional Provisions) Act 1997 remain outside the group when the group consolidates?