Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p13
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 13/22)
Character Range: 894857–897521

end of the *instalment quarter mentioned in that paragraph; and
 (b) the entity were a *quarterly payer who pays on the basis of instalment income at the end of that instalment quarter, and of each subsequent instalment quarter, until:
 (i) if the Commissioner first gives the entity an instalment rate worked out on the basis of the *base assessment covered by subsection (3) during the first instalment quarter of an income year—immediately before the end of that first instalment quarter; or
 (ii) if that rate is given to the entity during any other instalment quarter of an income year—immediately after the end of the last instalment quarter of that year.
 (3) This section only covers the first *base assessment of the entity for an income year that is, or includes, a period after the entity ceases to be a *subsidiary member of the group.

45‑775  Commissioner's power to work out different instalment rate or GDP‑adjusted notional tax
 (1) This section applies if any of the following changes (the membership change) occurs in relation to a *consolidated group while this Subdivision applies to the *head company of the group:
 (a) an entity becomes a *subsidiary member of the group or a number of entities become subsidiary members of the group;
 (b) an entity ceases to be a subsidiary member of the group or a number of entities cease to be subsidiary members of the group.
 (2) If the Commissioner, having regard to the object of this Part and the membership change, is of the opinion that it would be reasonable to do so, the Commissioner may work out:
 (a) an instalment rate that is higher, or lower, than the most recent instalment rate given by the Commissioner to the *head company under section 45‑15; or
 (b) an amount of *GDP‑adjusted notional tax that is higher, or lower, than the amount of GDP‑adjusted notional tax worked out for the purposes of the most recent amount of instalment notified by the Commissioner to the head company under paragraph 45‑112(1)(a).
 (3) The new instalment rate or amount of *GDP‑adjusted notional tax must be a rate or amount that, in the opinion of the Commissioner, is reasonable having regard to the object of this Part and the membership change.
Note 1: Subdivision 45‑J does not apply for the purpose of working out an instalment rate under this section.
Note 2: Section 45‑405 does not apply for the purpose of working out an amount of GDP‑adjusted notional tax under this section.

Additional applications of subsection (2)
 (4) If, after exercising the power in relation to the membership change under subsection (2) for the first time, and on the basis of an assessment (including an amendment) of