Document ID: chunk:federal_register_of_legislation:C2012A00169:clause:1_4b
Version: federal_register_of_legislation:C2012A00169
Segment Type: clause
Provision Reference: sch 1 cl 4B
Character Range: 18518–19529

4B  Institutions treated as separate entity
(1) The operator is treated as if it were 2 or 3 entities:
 (a) the entity (the non‑institution sub‑entity) the operator would be if it did not include the institutions; and
 (b) the entity (an institution sub‑entity) the operator would be if the operator included only the institutions (if any) mentioned in paragraph 4A(1)(a); and
 (c) the entity (an institution sub‑entity) the operator would be if the operator included only the institutions (if any) mentioned in paragraph 4A(1)(b) or (c).

Effect of revocation of registration of institution sub‑entity
(2) From the time (if any) the Commissioner of the ACNC revokes under the ACNC Act the registration of an institution sub‑entity:
 (a) paragraph (1)(a) has effect as if the reference in that paragraph to the institutions did not include a reference to the institutions included in the institution sub‑entity; and
 (b) paragraph (1)(b) or (c) (whichever applies to the institution sub‑entity) has no effect.