Commonwealth Consolidated Acts

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INCOME TAX ASSESSMENT ACT 1997 - SECT 820.587

Additional application of Subdivision 820 - D to MEC group that includes foreign - controlled Australian ADI

    Subdivision   820 - D applies to the * head company of a * MEC group as if it were an * outward investing entity (ADI) for a period that is all or part of an income year if:

  (a)   the head company is not an outward investing entity (ADI) for that period; and

  (b)   throughout that period, at least one * member of the group is both a * foreign controlled Australian entity and an * ADI; and

  (c)   throughout that period, there is at least one * eligible tier - 1 company of the * top company for the group that:

  (i)   is a member of the group; and

  (ii)   is not an ADI; and

  (iii)   has no * wholly - owned subsidiary that is an ADI.


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