Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p6
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 6/7)
Character Range: 931880–934566

company instalment rate to the former company during an earlier instalment quarter, the rate is not, despite this section, treated as if it had been given to the new provisional head company for the purposes of section 45‑915. Subject to the other provisions in that section, Subdivision 45‑Q therefore starts applying to the new provisional head company under subsection 45‑915(4).

Special rule for the former company
 (9) A provision of this Part that applies on an entity becoming a member (other than the *provisional head company) of a *MEC group does not apply to the former company when it becomes such a member at the starting time.
Note: Section 45‑755 (the entry rule, as applied under this Subdivision) therefore does not apply to the former company on the company becoming such a member of the MEC group.

45‑922  Life insurance company
  In applying Subdivision 45‑Q to members of a *MEC group for an *instalment quarter of the *provisional head company of the group in an income year of the provisional head company, the company is taken to be a *life insurance company for that quarter if:
 (a) one or more life insurance companies are members of the group at any time during that quarter; or
 (b) one or more life insurance companies were members of the group at any time during a previous instalment quarter of the company in that year.

Extended operation of Subdivision 45‑R

45‑925  Additional modifications of sections 45‑855 and 45‑860
  In applying sections 45‑855 and 45‑860 to members of a *MEC group, those sections have effect as if, in addition to the modifications set out in the table in section 45‑910:
 (a) a reference in those sections to subsection 45‑705(2) were a reference to subsection 45‑915(2); and
 (b) a reference in those sections to subparagraph 45‑705(3)(c)(ii), (4)(d)(ii) or (iv) were a reference to subparagraph 45‑915(3)(c)(ii), (4)(b)(ii) or (iv).

45‑930  Modifications of sections 45‑865 and 45‑870 and a related provision
 (1) In applying sections 45‑865 and 45‑870, and subsection 45‑30(4) (which is related to section 45‑865), to members of a *MEC group, those provisions have effect as if:
 (a) a reference in those provisions to a *consolidated group were a reference to a *MEC group; and
 (b) a reference in those provisions to a MEC group were a reference to a consolidated group.
Note: This means a reference in those provisions to the head company of a consolidated group has effect as if it were a reference to the head company of a MEC group. Similarly, a reference in those provisions to a subsidiary member of a consolidated group has effect as if it were a reference to a subsidiary member of a MEC group.
 (2) However,