Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_6:p23
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 6 (pt 23/26)
Character Range: 231912–234496

times during the period:
 (d) beginning at whichever of the following times is applicable:
 (i) if the group came into existence as a result of a choice under section 719‑50, and the cessation event happened in the income year of the original company in which the group came into existence—the time when the group came into existence;
 (ii) in any other case—the start of the income year of the former provisional head company in which the cessation event happened; and
 (e) ending when the cessation event happened.

719‑70  Income year of new provisional head company to be the same as that of former provisional head company

  If:
 (a) a company (the new company) is appointed as the *provisional head company of a *MEC group under subsection 719‑60(3); and
 (b) the appointment comes into force immediately after a *cessation event happens to the former provisional head company of the group;
then:
 (c) if, for the income year in which the cessation event happened, the former provisional head company had not adopted an accounting period in place of the financial year concerned—the new company is taken not to have adopted an accounting period in place of that financial year; or
 (d) if, for the income year in which the cessation event happened, the former provisional head company had adopted an accounting period in place of the financial year concerned—the new company is taken to have adopted an accounting period in place of that financial year that is the same as the accounting period adopted by the former provisional head company.

Head company

719‑75  Head company

Group in existence throughout income year

 (1) If:
 (a) a company is the *provisional head company of a *MEC group at the end of the income year of the company; and
 (b) the group was in existence throughout the income year;
the company is the head company of the group at all times during the income year.

Group comes into existence in income year

 (2) If:
 (a) a company is the *provisional head company of a *MEC group at the end of the income year of the company; and
 (b) the group is in existence at the end of the income year; and
 (c) the group came into existence in the income year;
that company is the head company of the group at all times during the period:
 (d) beginning when the group came into existence; and
 (e) ending at the end of the income year.

Group ceases to exist in income year

 (3) If:
 (a) a *MEC group ceases to exist in an income year of a company; and
 (b) the company was the *provisional head company of the group immediately before the group ceased to