Document ID: chunk:federal_register_of_legislation:C2004A00897:clause:1_3:p7
Version: federal_register_of_legislation:C2004A00897
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 7/26)
Character Range: 115591–118153

test time:
 (i) is a *100% subsidiary of the *top entity of the *maximum TC group or is that top entity; and
 (ii) meets the conditions in subsection 820‑505(3); or
 (b) in the case of a resident TC group under section 820‑510 that consists of only one subgroup constructed under subsection 820‑510(3)—each company in the group that, at the test time:
 (i) is a 100% subsidiary of the node entity or is the node entity; and
 (ii) is a 100% subsidiary of the top entity of the maximum TC group or is that top entity; and
 (iii) meets the conditions in subsection 820‑505(3); or
 (c) in the case of a resident TC group under section 820‑510 that consists of 2 or more subgroups constructed under subsection 820‑510(3)—each company in the group that, at the test time:
 (i) is a 100% subsidiary of the link company mentioned in paragraph 820‑510(2)(a) or is that link company; and
 (ii) is a 100% subsidiary of the top entity of the maximum TC group or is that top entity; and
 (iii) meets the conditions in subsection 820‑505(3).

How this Division applies to a resident TC group

820‑550  Classification of the resident TC group

Outward investing entity (non‑ADI)

 (1) A *resident TC group for an income year is an outward investing entity (non‑ADI) for the income year if, and only if, it is:
 (a) an *outward investor (general) for the income year (because of subsection (2)); or
 (b) an *outward investor (financial) for the income year (because of subsection (3) or (4)).

Outward investor (general)

 (2) A *resident TC group for an income year is an outward investor (general) for the income year if:
 (a) the group includes at least one entity that, apart from this Subdivision, would be an *outward investor (general) for a period ending at the end of the income year; and
 (b) the group includes no entity that is a *financial entity or *ADI at the end of the income year.

Outward investor (financial)

 (3) A *resident TC group for an income year is an outward investor (financial) for the income year if:
 (a) the group includes at least one entity that, apart from this Subdivision, would be an *outward investor (financial) for a period ending at the end of the income year; and
 (b) the group includes no entity that is an *ADI at the end of the income year.

 (4) A *resident TC group for an income year is also an outward investor (financial) for the income year if:
 (a) the group includes at least one entity that, apart from this Subdivision, would be an *outward investor (general) for a period ending at the end of the income year; and