Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p2
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 2/7)
Character Range: 922040–924860

as the *provisional head company of a *MEC group at the start of an *instalment quarter (the starting quarter) under this subsection if all of the following conditions are satisfied:
 (a) during the starting quarter, the Commissioner is notified of the creation of the MEC group from a *consolidated group (see subsection (5));
 (b) the company is the provisional head company of the MEC group when the Commissioner is so notified;
 (c) either of the following applies:
 (i) Subdivision 45‑Q applied to the *head company of the consolidated group at the end of the previous instalment quarter;
 (ii) the Commissioner gives the *initial head company instalment rate to the head company of the consolidated group during the starting quarter.
Note: For the application of Subdivision 45‑Q to a head company of a consolidated group: see section 45‑705.

When the period begins—new provisional head company
 (4) Subdivision 45‑Q starts to apply to a company as the *provisional head company of a *MEC group at the start of an *instalment quarter (the starting quarter) under this subsection if both of the following conditions are satisfied:
 (a) the company is appointed as the provisional head company of the MEC group under subsection 719‑60(3) of the Income Tax Assessment Act 1997 during the starting quarter;
 (b) one of the following applies:
 (i) Subdivision 45‑Q applied to the former provisional head company of the MEC group at the end of the previous instalment quarter;
 (ii) the Commissioner gives the *initial head company instalment rate to the former provisional head company of the MEC group during the starting quarter;
 (iii) the Commissioner is notified during the starting quarter of the creation of the MEC group from a *consolidated group and Subdivision 45‑Q applied to the *head company of the consolidated group at the end of the previous instalment quarter;
 (iv) the Commissioner is notified during the starting quarter of the creation of the MEC group from a consolidated group and the Commissioner gives the initial head company instalment rate to the head company of the consolidated group during the starting quarter.

When the period begins—modified timing for provisional head company that is monthly payer
 (4A) Subsection (4B) applies if:
 (a) apart from subsection (4B), Subdivision 45‑Q starts to apply to a company as the *provisional head company of a *MEC 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)(b)(ii) or subparagraph (4)(b)(iv) in an *instalment month.
 (4B) Treat subsection (2), (3) or (4) (as the case requires) as providing that Subdivision 45‑Q