Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_178
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 178
Character Range: 139735–140587

178  Subsection 719‑50(3)
Repeal the subsection, substitute:

 (3) A choice can be made no later than:
 (a) if the company mentioned in subsection (3A) is required to give the Commissioner its *income tax return for the income year during which that day occurs—the day on which that company gives the Commissioner that income tax return; or
 (b) otherwise—the last day in the period within which that company would be required to give the Commissioner such a return if it were required to give the Commissioner such a return.

 (3A) The company is:
 (a) in a case where subsection 719‑75(1) or (2) applies—the company that will be the *head company of the group as at the end of the income year; and
 (b) in a case where subsection 719‑75(3) applies—the company that will be the head company of the group immediately before the group ceased to exist.