Document ID: chunk:federal_register_of_legislation:C2020A00049:clause:1_5:p2
Version: federal_register_of_legislation:C2020A00049
Segment Type: clause
Provision Reference: sch 1 cl 5 (pt 2/2)
Character Range: 5155–6187

consolidated for accounting purposes as a single group; and
 (b) at least one entity is a member of the group mentioned in subparagraph (a)(i) or (ii) but is not a member of the smaller group.
 (5) For the purposes of subsection (1), treat the smaller group as not being any of the following:
 (a)  a group that is consolidated for accounting purposes as a single group;
 (b) a *notional listed company group.
 (6) For the purposes of this section, assume that paragraph 960‑575(4)(a) were disregarded:
 (a) in determining whether a *notional listed company group exists; and
 (b) in identifying the *members of a notional listed company group.
Note: The effect of that assumption is that certain exceptions in accounting or other principles to requirements to consolidate for accounting purposes are taken into account in working out the membership of the country by country reporting group. Where such exceptions apply, a country by country reporting group may have fewer members than the equivalent notional listed company group.