Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_17
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 17
Character Range: 76185–76910

17  Application provision

(1) The amendments made by this Part apply in relation to the creation of a MEC group from a consolidated group, or a consolidated group from a MEC group, on or after:
 (a) if the head company of the group makes a choice in accordance with subitems (2) and (3)—1 July 2002; or
 (b) otherwise—27 October 2006.

(2) A choice mentioned in paragraph (1)(a) must be made:
 (a) on or before 30 June 2011; or
 (b) within a further time allowed by the Commissioner.

(3) A choice mentioned in paragraph (1)(a) must be made in writing.

(4) Despite subitem (1), the amendment made by item 13 of this Schedule applies on and after 1 July 2002.

Part 3—Pre‑CGT proportions

Income Tax Assessment Act 1997