Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_26
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 26
Character Range: 78569–79132

26  Subsection 711‑65(1)
Repeal the subsection, substitute:

When this section applies

 (1) This section applies unless:
 (a) Subdivision 705‑C (about one group joining another consolidated group) applies in relation to the old group; and
 (b) the leaving entity is a *subsidiary member of the old group.

 (1A) To avoid doubt, this section applies regardless of whether the leaving entity ceases to be a *subsidiary member of the old group at the leaving time because another entity also ceases to be a subsidiary member of the old group at the leaving time.