Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:1_27
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 31010–31919

27  After subsection 45‑705(4) in Schedule 1
Insert:

When the period begins—modified timing for head company that is monthly payer
 (4A) Subsection (4B) applies if:
 (a) apart from subsection (4B), this Subdivision starts to apply to a company as the *head company of a *consolidated group at a particular time because of the operation of subsection (2), (3) or (4); and
 (b) the company is a *monthly payer; and
 (c) the Commissioner gave the *initial head company instalment rate as mentioned in subsection (2), subparagraph (3)(c)(ii), subparagraph (4)(d)(ii) or subparagraph (4)(d)(iv) in an *instalment month.
 (4B) Treat subsection (2), (3) or (4) (as the case requires) as providing that this Subdivision starts to apply to the company as the *head company of the group at the start of the next *instalment month.
Note: For the application of this Subdivision to a monthly payer, see section 45‑703.