Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_6:p19
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 19/26)
Character Range: 222372–224931

specified in the notice or not mentioned in paragraph (c).

 (2) For the purposes of paragraph (1)(e), the applicable period is:
 (a) if the company mentioned in paragraph (1)(b) is required to give the Commissioner an *income tax return for the income year in which the time mentioned in paragraph (1)(c) occurred—the period:
 (i) beginning at that time; and
 (ii) ending on the day on which the company gives that return; or
 (b) if the company mentioned in paragraph (1)(b) is not required to give the Commissioner an income tax return for the income year in which the time mentioned in paragraph (1)(c) occurred—the period:
 (i) beginning at that time; and
 (ii) ending at the end of the period within which the company would have been required to give an income tax return for that income year, if the company had been required to give an income tax return for that income year.

719‑45  Application of sections 703‑20 and 703‑25

 (1) For the purposes of this Division, if an item in section 703‑20 refers to an income year, an entity is covered by that item at a particular time if, and only if, that time is in that income year.

 (2) For the purposes of this Division, if a condition in item 1, 2 or 3 of the table in section 703‑25 refers to an income year, an entity meets that condition at a particular time if, and only if, that time is in that income year.

Choice to consolidate a potential MEC group

719‑50  Eligible tier‑1 companies may choose to consolidate a potential MEC group

Making a choice to consolidate

 (1) If:
 (a) a *potential MEC group (the first group) derived from 2 or more *eligible tier‑1 companies of a *top company is in existence at the start of a particular day; and
 (b) that day is after 30 June 2002; and
 (c) none of those eligible tier‑1 companies is already a member of a *MEC group or a *consolidated group;
those eligible tier‑1 companies may give the Commissioner a written notice in the *approved form, jointly:
 (d) specifying that day; and
 (e) making a choice that the first group be consolidated on and after that day.

Note: The notice must also include an appointment of an eligible tier‑1 company to be the provisional head company of the *MEC group—see subsection 719‑60(1).

Choice cannot be revoked or specified day amended

 (2) A choice cannot be revoked and the specification of the day cannot be amended.

Time at which choice must be given to Commissioner

 (3) If, as a result of a choice:
 (a) subsection 719‑75(1), (2) or (3) would apply to the *MEC group concerned in relation to the