Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:1_27
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 1 cl 27
Character Range: 43979–44624

27  Subsection 701‑30(1)
Repeal the subsection, substitute:

Section only applies to transitional groups formed at certain times

 (1) This section applies if the day on which the transitional group comes into existence is before 1 July 2003 or is both:
 (a) the first day of the first income year of the head company starting after 30 June 2003; and
 (b) before 1 July 2004.

Section only applies to non‑chosen transitional entities in such groups

 (1A) This section applies to each transitional entity in the transitional group, other than a chosen transitional entity. This is so even if there are no chosen transitional entities at all.