Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p11
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 11/22)
Character Range: 890037–892691

this Part to *members of the *consolidated group in relation to an *instalment quarter of the interposed company that ends after the completion time.
Note: An assessment mentioned in subsection (5) may therefore be taken to be the base assessment of the interposed company for the purposes of this Part.
 (7) Subsections (1) to (6) are to be disregarded in applying section 45‑705 (about the application of this Subdivision to a company as the *head company of a *consolidated group).
Note: For example, if the Commissioner has given an initial head company instalment rate to the original company during an earlier instalment quarter, the rate is not, despite this section, treated as if it had been given to the interposed company for the purposes of section 45‑705. Subject to the other provisions in that section, this Subdivision therefore starts applying to the interposed company under subsection 45‑705(4).

Special rule for the original company
 (8) A provision of this Part that applies on an entity becoming a *subsidiary member of a *consolidated group does not apply to the original company when it is taken to have become such a member at the completion time as a result of section 703‑70 of the Income Tax Assessment Act 1997.
Note: Section 45‑755 (the entry rule) therefore does not apply to the original company on the company becoming a subsidiary member of the consolidated group.

45‑755  Entry rule (for an entity that becomes a subsidiary member of a consolidated group)
 (1) Despite any other provisions in this Part, an entity is liable to pay an instalment for an *instalment quarter or income year (as appropriate) during which the entity becomes a *subsidiary member of a *consolidated group if:
 (a) this Subdivision applies to the *head company of the group at any time during that quarter or year (as appropriate); and
 (b) the entity would otherwise be liable to pay an instalment for that quarter or year (as appropriate) if it had not become a subsidiary member of the group; and
 (c) the entity becomes a subsidiary member of the group on a day other than the first day of that quarter or the first day of that year (as appropriate).
Note: Under paragraph (b), this section could apply to an entity that, at the time of becoming a subsidiary member of the group, was not a subsidiary member of another consolidated group, or was a member of another consolidated group but this Subdivision did not apply to the head company of that other group at that time.

Modifications for a quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax
 (2) Subsections (3) and (4) apply to the entity if: