Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p8
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 8/22)
Character Range: 882694–885338

*created from the consolidated group);
 (b) the end of the instalment quarter during which the Commissioner is notified of the creation of a MEC group from the consolidated group if the MEC group is created during that instalment quarter;
 (c) just before the instalment quarter during which the Commissioner is notified of the creation of a MEC group from the consolidated group if the MEC group was created before that instalment quarter;
 (d) just before the instalment quarter that includes the completion time mentioned in subsection 615‑30(2) of the Income Tax Assessment Act 1997 where an interposed company mentioned in that subsection chooses under that subsection that the consolidated group is to continue in existence.
Note: The operation of this subsection because of paragraph (a) may be affected by section 45‑880.
 (6) For the purposes of subsection (5), the Commissioner is notified of the creation of a *MEC group from a *consolidated group when the Commissioner receives a notice of the consolidation of the MEC group under subsection 719‑40(1) of the Income Tax Assessment Act 1997.
 (7) If this Subdivision stops applying to a company as the *head company of a *consolidated group just before an *instalment quarter under paragraph (5)(c), then, for the purposes of this Part, this Act has effect for the company and other *members of the group as if:
 (a) the consolidated group had continued to exist until just before the start of that quarter; and
 (b) the company were the head company of the group until just before the start of that quarter.
 (8) To avoid doubt, this Subdivision does not apply to a company as the *head company of a *consolidated group for any time at all if:
 (a) subsection (2), (3) or (4), and subsection (5), would, apart from this subsection, apply to the company; but
 (b) the time at which this Subdivision would stop applying to the company under subsection (5) is before the time at which this Subdivision would start to apply to the company under subsection (2), (3) or (4).
 (9) To avoid doubt, and apart from the operation of subsection (7), this Subdivision may apply to a company as the *head company of a *consolidated group at a time when the company is not in fact the head company of the group.
Note: An example of this is when an interposed company becomes the new head company of a consolidated group. Under this section and section 45‑740, this Subdivision may start applying to the company as if it had already become the head company when it is not yet such a company.

Usual operation of this Part for consolidated group members

45‑710  Single entity rule
  If an entity is