Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:1_4
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 1 cl 4
Character Range: 175343–176149

4                                                                         Subtract from the result of step 3 the step 4 amount worked out under section 711‑45, which is about:                                                                                                                                                        To ensure that the allocable cost amount is reduced to reflect the liabilities and the *market value of the membership interests.
                                                                          (a) the liabilities that the leaving entity takes with it when it ceases to be a *subsidiary member; and
                                                                          (b) *membership interests in the leaving entity that are not held by *members of the old group.