Document ID: chunk:federal_register_of_legislation:C2010C00261:clause:2_6
Version: federal_register_of_legislation:C2010C00261
Segment Type: clause
Provision Reference: sch 2 cl 6
Character Range: 11322–12016

6  After subsection 701‑35(2)
Insert:

 (2A) Subsection (1) does not apply if:
 (a) the act, transaction or event mentioned in subsection (1) happened before a demerger and in connection with the demerger; and
 (b) before the transitional group came into existence, at least one of the following entities ceased to be a member of the demerger group because of the demerger:
 (i) the originating company in relation to the roll‑over, or the transferor in relation to the roll‑over relief;
 (ii) the recipient company, or the transferee in relation to the roll‑over relief; and
 (c) when the transitional group came into existence, at least one of those entities was not a member of that group.