Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:24_3:p1
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 24 cl 3 (pt 1/6)
Character Range: 330162–333022

3                           a *subsidiary member of a *consolidated group  a member (other than the *provisional head company) of a *MEC group

Exceptions

 (3) The modifications set out in the table do not apply to the following provisions:
 (a) this Subdivision;
 (b) subsection 45‑30(4) (see section 45‑930);
 (c) the note at the end of subsection 45‑330(5);
 (d) note 2 at the end of section 45‑700;
 (e) sections 45‑705 and 45‑740 (see sections 45‑913, 45‑915 and 45‑920);
 (f) subparagraphs 45‑760(1)(c)(i) and (ii);
 (g) the note at the end of section 45‑850;
 (h) sections 45‑865 and 45‑870 (see section 45‑930);
 (i) paragraphs (1)(b), (c), (d) and (e), and subsection (5), of section 45‑880;
 (j) paragraphs (1)(a), (b) and (c), and subsection (4), of section 45‑885.

Note: The provisions covered by paragraphs (c), (d), (f), (g), (i) and (j) apply to members of a MEC group without any modifications.

Extended operation of Subdivision 45‑Q

45‑913  Sections 45‑705 and 45‑740 do not apply to members of MEC groups

  In applying Subdivision 45‑Q to members of a *MEC group, the Subdivision has effect as if:
 (a) section 45‑705 had no effect and section 45‑915 had effect instead; and
 (b) section 45‑740 had no effect and section 45‑920 had effect instead.

45‑915  Application of Subdivision 45‑Q to provisional head company

Period during which Subdivision applies to provisional head company

 (1) Subject to sections 45‑880 and 45‑885 (as applied under this Subdivision), Subdivision 45‑Q applies to a company as the *provisional head company of a *MEC group during the period:
 (a) starting at the start of the *instalment quarter of the company determined under subsection (2), (3) or (4); and
 (b) ending:
 (i) at the end of the instalment quarter of the company determined under paragraph (6)(a) or (b); or
 (ii) just before the instalment quarter of the company determined under paragraph (6)(c).

Note: The application of Subdivision 45‑Q to the provisional head company is subject to the modifications set out in this section and elsewhere in this Subdivision.

When the period begins—initial head company instalment rate

 (2) 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 under this subsection if, during that quarter, the Commissioner gives the company (as that provisional head company) the *initial head company instalment rate.

Note: The operation of this subsection may be affected by section 45‑885 (as applied under this Subdivision).

When the period begins—group created from consolidated group

 (3) 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 all of the following conditions are satisfied: