Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p22
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 22/22)
Character Range: 916852–919220

may, on the application of the company made within 28 days after the starting time, allow such extension of time for the purposes of paragraph (1)(e) as he or she considers appropriate.

Mature group
 (4) For the purposes of this section, a *consolidated group or a *MEC group is a mature group at a particular time if:
 (a) for a consolidated group—Subdivision 45‑Q applies to its *head company at that time; or
 (b) for a MEC group—Subdivision 45‑Q, as applied under Subdivision 45‑S, applies to its *provisional head company at that time.

Subdivision 45‑S—MEC groups

Guide to Subdivision 45‑S

45‑900  What this Subdivision is about
       This Subdivision sets out how this Part applies in relation to MEC groups and their members.

Table of sections

Preliminary
45‑905 Objects of Subdivision

General modification rules
45‑910 Extended operation of Part to cover MEC groups

Extended operation of Subdivision 45‑Q
45‑913 Sections 45‑705 and 45‑740 do not apply to members of MEC groups
45‑915 Application of Subdivision 45‑Q to provisional head company
45‑917 Assumption for applying section 45‑710 (single entity rule)
45‑920 Change of provisional head company
45‑922 Life insurance company

Extended operation of Subdivision 45‑R
45‑925 Additional modifications of sections 45‑855 and 45‑860
45‑930 Modifications of sections 45‑865 and 45‑870 and a related provision
45‑935 Additional modifications of section 45‑885

Preliminary

45‑905  Objects of Subdivision
  The objects of this Subdivision are to:
 (a) extend the operation of this Part (except sections 45‑705 and 45‑740 and this Subdivision) so that it can apply in relation to *MEC groups and their members; and
 (b) modify the rules in this Part for that extended operation so that they take account of the special characteristics of MEC groups.

General modification rules

45‑910  Extended operation of Part to cover MEC groups
 (1) This Part (except sections 45‑705 and 45‑740 and this Subdivision) has effect in relation to members of a *MEC group in the same way in which it has effect in relation to *members of a *consolidated group.
 (2) However, that effect is subject to the modifications set out in the following table and elsewhere in this Subdivision.

Modifications of this Part
Item                        A reference in this Part to:                   Is taken to be a reference to: