Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 719.79

  (1)   This section applies if an entity is appointed to be the * provisional head company of a * MEC group because of a choice under subsection   719 - 60(3).

  (2)   The * provisional head company must give the Commissioner a notice in the * approved form containing the following information:

  (a)   the identity of the provisional head company;

  (b)   the day on which the choice was made;

  (c)   the day on which the * cessation event mentioned in subsection   719 - 60(3) occurs.

  (3)   The notice must be given no later than:

  (a)   if:

  (i)   the group came into existence because of a choice under section   719 - 50; and

  (ii)   the event happens more than 28 days before a notice under section   719 - 76 in relation to the choice is given;

    the day on which the notice mentioned in subparagraph   (ii) is given; or

  (b)   in any other case--28 days after the * cessation event.