Document ID: chunk:federal_register_of_legislation:C2015C00124:clause:1_19:p2
Version: federal_register_of_legislation:C2015C00124
Segment Type: clause
Provision Reference: sch 1 cl 19 (pt 2/2)
Character Range: 26463–28494

the *provisional head company of a *MEC group; and
 (c) your base assessment instalment income (within the meaning of section 45‑320) for the *base year is less than $100 million.
 (3) For the purposes of subsections (1) and (2), at the start of an entity's *MPR test day:
 (a) determine the amount of the entity's base assessment instalment income (within the meaning of section 45‑320) for the *base year only on the basis of the information provided by the Commissioner to the entity before that start of that day; and
 (b) in determining on that day whether an entity has an obligation mentioned in paragraph (2)(a), disregard any creation or removal of such an obligation after that day (even if that change is made retrospective to that day).
 (4) An entity's MPR test day for an income year is:
 (a) if the Commissioner gives the entity an instalment rate for the first time during an *instalment month in the income year—the last day of that month; or
 (b) otherwise—the first day of the third last month of the previous income year.
 (5) Subsection (6) applies if, disregarding that subsection, an entity does not satisfy the requirement in subsection (1) for an income year.
 (6) For the purposes of this section, in determining the entity's base assessment instalment income (within the meaning of section 45‑320) for the *base year:
 (a) disregard subsection 45‑120(2C); and
 (b) disregard paragraph (3)(a) of this section, to the extent that that paragraph relates to the operation of subsection 45‑120(2C).
 (7) If, because of subsection (6), the entity satisfies the requirement in subsection (1) for an income year, the entity must give the Commissioner a notice in the *approved form in respect of that income year before:
 (a) if the *starting instalment month in the income year is determined under paragraph 45‑136(2)(a)—the end of that starting instalment month; or
 (b) if the starting instalment month in the income year is determined under paragraph 45‑136(2)(b)—the start of that starting instalment month.