Document ID: chunk:federal_register_of_legislation:C2014C00749:clause:10_9
Version: federal_register_of_legislation:C2014C00749
Segment Type: clause
Provision Reference: sch 10 cl 9
Character Range: 101265–102101

9  Applying old section 160AFE to non‑membership periods
(1) Subitem (2) has effect for the purposes of applying the old section 160AFE to a taxpayer that:
 (a) becomes a subsidiary member of a consolidated group or MEC group; and
 (b) has a period referred to in section 701‑30 as a non‑membership period.
(2) The requirement in paragraph (1D)(b) of the old section 160AFE that the income company be a group company in relation to the credit company in relation to the current year of income has effect as if it were a requirement that the income company be a group company in relation to the credit company:
 (a) continuously for a period of at least 12 months ending on the last day of the non‑membership period; or
 (b) from the time when the income company and the credit company were both in existence, if that period is shorter.