Commonwealth Consolidated Acts

INCOME TAX (TRANSITIONAL PROVISIONS) ACT 1997 - SECT 715.659

  (1)   This section extends the time given by each of the following provisions of the Income Tax Assessment Act 1997 for making a choice because an entity becomes a member of a consolidated group, if, before the commencement of the provision, the Commissioner is given notice under Division   703 that the entity has become a member of the group:

  (a)   subsection   715 - 660(4);

  (b)   subsection   715 - 665(5);

  (c)   paragraph   715 - 675(1)(c).

  (2)   A reference in each of those provisions to the end of 90 days after the Commissioner is given notice under Division   703 that the entity has become a member of the group has effect as if it were a reference to the end of 90 days after the commencement of the provision.

Table of sections

715 - 698   Application

715 - 699   Extension of time for making choice if leaving time was before commencement