Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:4_1:p3
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 4 cl 1 (pt 3/8)
Character Range: 297778–300441

in subsection (1) if it had not become a *subsidiary member of the group; and
 (b) the amount of the instalment payable by the entity for that quarter would have been worked out under paragraph 45‑112(1)(b); and
 (c) that quarter is not the fourth instalment quarter in an income year.

 (3) For the purposes of working out the amount of the instalment payable by the entity for that *instalment quarter, subsection 45‑410(5) applies to the entity as if that quarter were the fourth instalment quarter in the income year for which the entity is liable to pay an instalment.

 (4) For the purposes of working out the *acceptable amount of the entity's instalment for that instalment quarter, subsection 45‑232(3) applies to the entity as if that quarter were the fourth instalment quarter in the income year for which the entity is liable to pay an instalment.

45‑760  Exit rule (for an entity that ceases to be a subsidiary member of a consolidated group)

 (1) This section applies to an entity that satisfies both of the following conditions:
 (a) the entity ceases to be a *subsidiary member of a *consolidated group during an *instalment quarter and this Subdivision applies to the *head company of the group at any time during that quarter;
 (b) the entity does not, at the time it ceases to be a subsidiary member of the group, become a subsidiary member of another consolidated group the head company of which is one to which this Subdivision applies at that time.

 (2) This Part applies to the entity as if:
 (a) the Commissioner had given the entity an instalment rate equal to the most recent instalment rate given to the *head company mentioned in paragraph (1)(a) before the end of the *instalment quarter mentioned in that paragraph; and
 (b) the entity were a *quarterly payer who pays on the basis of instalment income at the end of that instalment quarter, and of each subsequent instalment quarter, until:
 (i) if the Commissioner first gives the entity an instalment rate worked out on the basis of the *base assessment covered by subsection (3) during the first instalment quarter of an income year—immediately before the end of that first instalment quarter; or
 (ii) if that rate is given to the entity during any other instalment quarter of an income year—immediately after the end of the last instalment quarter of that year.

 (3) This section only covers the first *base assessment of the entity for an income year that is, or includes, a period after the entity ceases to be a *subsidiary member of the group.

[The next section is section 45‑775.]

45‑775  Commissioner's power to work out different instalment rate or GDP‑adjusted