Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p3
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 3/32)
Character Range: 7199945–7202703

have effect for a period that starts on or after the day on which the Commissioner's approval is given, unless the revocation is expressed to take effect on an earlier day. In that case, it does not have effect for a period that starts on or after the earlier day.

820‑445  How this Subdivision interacts with Subdivision 820‑FA
  A choice under section 820‑430 does not have effect for so much of a period as happens while the entity is a *subsidiary member of a *consolidated group or *MEC group.
Note: If the head company of the group makes a choice under that section, that choice will have effect instead.

Subdivision 820‑FA—How the thin capitalisation rules apply to consolidated groups and MEC groups

Guide to Subdivision 820‑FA

820‑579  What this Subdivision is about

      This Subdivision tells you:
         • how to classify the head company of a consolidated group or MEC group (in terms of which Subdivision of this Division to apply to the head company); and
         • how to apply this Division to the head company (including how the application is modified).

Table of sections

Operative provisions
820‑581 How this Division applies to head company for income year in which group comes into existence or ceases to exist
820‑583 Classification of head company
820‑584 Exempt special purpose entities treated as not being member of group
820‑585 Exemption for consolidated group headed by foreign‑controlled Australian ADI or its holding company
820‑587 Additional application of Subdivision 820‑D to MEC group that includes foreign‑controlled Australian ADI
820‑588 Choice to treat specialist credit card institutions as being financial entities and not ADIs
820‑589 How Subdivision 820‑D applies to a MEC group
820‑590 Treatment of FRT disallowed amounts—joining case
820‑591 Effect of transfer of FRT disallowed amount
820‑592 Cancelling the transfer of FRT disallowed amount
820‑593 FRT disallowed amount cannot be applied for income year ending after the joining time
820‑594 Treatment of FRT disallowed amounts—leaving case

Operative provisions

820‑581  How this Division applies to head company for income year in which group comes into existence or ceases to exist
  If a *consolidated group or *MEC group:
 (a) comes into existence at a time during an income year that is not the start of the income year; or
 (b) ceases to exist at a time during an income year that is not the end of the income year;
then, for each of the following periods during that income year:
 (c) a period throughout which a company is the *head company of that group; or
 (d) a period throughout which that company is the head company of a different consolidated group or MEC group; or
 (e) a period throughout which that company is a *member of no