Document ID: chunk:federal_register_of_legislation:C2005A00064:clause:3_17:p2
Version: federal_register_of_legislation:C2005A00064
Segment Type: clause
Provision Reference: sch 3 cl 17 (pt 2/2)
Character Range: 21084–22100

on its banking *business in Australia through at least one *Australian permanent establishment at each time in the period;
 (ii) a *foreign entity that was a *financial entity and had at least one Australian permanent establishment at each time in the period;
 (d) there is not a longer period in the income year for which the conditions in paragraphs (a), (b) and (c) are met in relation to the single company and the establishment entity.

Note: It does not matter whether the income year ended on the same day for the single company and the establishment entity.

 (2) The single company may choose to have all of the *Australian permanent establishments of the establishment entity treated as part of the single company for the grouping period for the purposes of this Division.

 (3) If the conditions in subsection (1) are met in relation to the single company and more than one other establishment entity, the single company may make a different choice in relation to each of the other establishment entities.