Document ID: chunk:federal_register_of_legislation:C2010C00604:clause:24_5:p3
Version: federal_register_of_legislation:C2010C00604
Segment Type: clause
Provision Reference: sch 24 cl 5 (pt 3/3)
Character Range: 310147–311403

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.