Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_5
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 5
Character Range: 55337–56950

5                unincorporated *Group Entity of an *Applicable MNE Group that is not a trust or a *GloBE partnership                                                             each Group Entity of the Applicable MNE Group:
                                                                                                                                                                                  (a) to which a portion of the unincorporated Group Entity's assets, income, expenses, cash flows and liabilities belong; or
                                                                                                                                                                                  (b) that is a member of the committee of management of the unincorporated Group Entity

Subdivision 128‑C—Miscellaneous

Table of sections

Operative provisions
128‑30 Provisions do not apply to GloBE Excluded Entities
128‑35 Joint and several liability does not extend to GloBE Securitisation Entities

Operative provisions

128‑30  Provisions do not apply to GloBE Excluded Entities
  A reference in this Division to a *Group Entity does not include a reference to a *GloBE Excluded Entity.

128‑35  Joint and several liability does not extend to GloBE Securitisation Entities
 (1) For the purposes of paragraph 128‑5(1)(b), treat a *Group Entity that is a *GloBE Securitisation Entity as being a Group Entity excluded by subsection 128‑5(2).
 (2) For the purposes of subsection 128‑10(2), treat a *Group Entity that is a *GloBE Securitisation Entity as being an Entity excluded by subsection 128‑10(3).