Document ID: chunk:federal_register_of_legislation:C2011C00698:clause:5_211
Version: federal_register_of_legislation:C2011C00698
Segment Type: clause
Provision Reference: sch 5 cl 211
Character Range: 155853–156689

211  Subsection 705‑200(3)
Repeal the subsection, substitute:

Non‑membership equity interests

 (3) Paragraph 705‑85(3)(a) has effect as if it also increased the step 2 amount worked out under section 705‑70 by the amount that would be the sum of the balances of the *non‑share capital accounts of the *subsidiary members of the acquired group, assuming that:
 (a) for a subsidiary member that is not a company—the subsidiary member were a company; and
 (b) each *non‑membership equity interest (if any) in a subsidiary member held at the acquisition time by a person other than a *member of the acquiring group or acquired group were a *non‑share equity interest in the subsidiary member; and
 (c) the non‑share equity interests (if any) mentioned in paragraph (b) were the only non‑share equity interests in the subsidiary member.