Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p29
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 29/66)
Character Range: 6398675–6401153

the group came into existence; and
 (e) ending at the end of the income year.

Group ceases to exist in income year
 (3) If:
 (a) a *MEC group ceases to exist in an income year of a company; and
 (b) the company was the *provisional head company of the group immediately before the group ceased to exist;
that company is the head company of the group at all times during the period:
 (c) beginning at whichever is the later of:
 (i) the start of the income year; and
 (ii) the time the group came into existence; and
 (d) ending at the time when the group ceased to exist.

Notice of events affecting group

719‑76  Notice of choice to consolidate
 (1) This section applies if:
 (a) a *MEC group comes into existence on the day specified in a choice under section 719‑50; and
 (b) subsection 719‑75(1), (2) or (3) would apply to the MEC group in relation to the *income year of a company in which the specified day occurred; and
 (c) in a case where subsection 719‑75(1) or (2) applies—the company will be the *head company of the group as at the end of the income year; and
 (d) in a case where subsection 719‑75(3) applies—the company will be the head company of the group immediately before the group ceased to exist.
 (2) The company must give the Commissioner a notice in the *approved form containing the following information:
 (a) the identity of the company;
 (b) the day specified in the choice on which the *MEC group comes into existence;
 (c) the identity of each *eligible tier‑1 company of the *top company in relation to the MEC group on that day;
 (d) the identity of each *subsidiary member of the group on that day;
 (e) the identity of each entity that was a subsidiary member of the group on that day but was not such a subsidiary member when the notice is given;
 (f) the identity of each entity that was not a subsidiary member of the group on that day but was such a subsidiary member when the notice is given;
 (g) the identity of each entity that became a subsidiary member of the group after that day but was not such a subsidiary member when the notice is given.
 (3) The notice must be given no later than:
 (a) if the company is required to give the Commissioner its *income tax return for the income year during which that day occurs—the day on which the company gives the Commissioner that income tax return; or
 (b) otherwise—the last day in the period within which the company would be required to give the Commissioner such a return if it were