Document ID: chunk:federal_register_of_legislation:C2025C00029:section:3:p4
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 3 (pt 4/32)
Character Range: 7202487–7204998

is the *head company of that group; or
 (d) a period throughout which that company is the head company of a different consolidated group or MEC group; or
 (e) a period throughout which that company is a *member of no consolidated group or MEC group;
this Division (except this section) is to have either:
 (f) a single application in relation to the whole of the period; or
 (g) 2 or more applications, each in relation to a part of that period.

820‑583  Classification of head company

General class investor
 (1) The *head company of a *consolidated group or of a *MEC group is a general class investor for a period that is all or part of an income year if:
 (a) for that period, the head company satisfies the requirement in subsection 820‑46(2); and
 (b) no *member of the group is a *financial entity or *ADI at any time during that period.

Outward investing financial entity (non‑ADI)
 (3) The *head company of a *consolidated group or of a *MEC group is an outward investing financial entity (non‑ADI) for a period that is all or part of an income year if:
 (a) for that period, the head company satisfies the condition in the second column of item 1 or 2 of the table in subsection 820‑85(2); and
 (b) throughout that period, there is at least one *member of the group that is a *financial entity; and
 (c) no *member of the group is an *ADI at any time during that period.

Inward investing financial entity (non‑ADI)
 (4) The *head company of a *consolidated group or of a *MEC group is an inward investing financial entity (non‑ADI) for a period that is all or part of an income year if, and only if, it is an *inward investment vehicle (financial) for that period (because of subsection (6)).

Inward investment vehicle (financial)
 (6) The *head company of a *consolidated group or of a *MEC group is an inward investment vehicle (financial) for a period that is all or part of an income year if:
 (a) throughout that period, the head company is a *foreign controlled Australian entity; and
 (b) throughout that period, there is at least one *member of the group that is a *financial entity; and
 (c) no member of the group is an *ADI at any time during that period.

Outward investing entity (ADI)
 (7) The *head company of a *consolidated group or of a *MEC group is an outward investing entity (ADI) for a period that is all or part of an income year if, and only if:
 (a) apart from Part 3‑90 (about consolidation of groups) and this Subdivision, at least one *member of the group would be an