Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:24_8
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 24 cl 8
Character Range: 316172–317069

8  Subsection 45‑760(1) in Schedule 1
Repeal the subsection, substitute:

 (1) This section applies to an entity if all of the following conditions are satisfied:
 (a) the entity ceases to be a *subsidiary member of a *consolidated group during an *instalment quarter of the *head company of the group;
 (b) this Subdivision applies to the head company of the group during that instalment quarter;
 (c) the entity does not, at the time it ceases to be a subsidiary member of the group, become:
 (i) a subsidiary member of another consolidated group the head company of which is one to which this Subdivision applies at that time; or
 (ii) a member (other than the *provisional head company) of a *MEC group the provisional head company of which is one to which this Subdivision applies, in accordance with Subdivision 45‑S, at that time;
 (d) this Part applies to the entity under section 45‑10.