Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:24_11
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 24 cl 11
Character Range: 318766–319773

11  Section 45‑850 in Schedule 1
Repeal the section, substitute:

45‑850  What this Subdivision is about

      This Subdivision deals with the application of this Part to members of a consolidated group after the group has come into existence but before the members are treated as a single entity for the purposes of this Part.
      This Subdivision also contains special rules in relation to the application of Subdivision 45‑Q to members of a consolidated group in these circumstances:

                (a) a group whose members were treated as a single entity under that Subdivision (a mature group) is acquired by another group (see section 45‑880); or
                (b) a member of a mature group ceases to be such a member and becomes the head company of a new group (see section 45‑885).
Note: Subdivision 45‑S extends the operation of this Subdivision so that it can apply to members of a MEC group. It contains modifications of this Subdivision for the purposes of that extended operation.