Document ID: chunk:federal_register_of_legislation:C2025C00029:section:2:p61
Version: federal_register_of_legislation:C2025C00029
Segment Type: section
Provision Reference: s 2 (pt 61/66)
Character Range: 6479800–6482410

group's membership was the same as the membership of the MEC group.
Note: The alteration times in subsections (1), (2) and (3) are based on the events described in subsections 719‑280(2), (3) and (4), each of which causes the test company referred to in section 719‑280 to be assumed to fail the continuity of ownership test in section 165‑12.
 (2) If something:
 (a) happens at a time in relation to *membership interests in one or more of these entities:
 (i) a company that was just before that time a *member of a *MEC group and an *eligible tier‑1 company of the *top company for the MEC group;
 (ii) an entity interposed between a company described in subparagraph (i) and the company that was the top company for the group just before that time; and
 (b) does not cause the *potential MEC group whose membership is the same as the membership of the MEC group to cease to exist, but does cause a change in the identity of the top company for the potential MEC group;
that time is an alteration time in respect of the *head company of the *MEC group.
 (3) The time when a *MEC group ceases to exist because there ceases to be a *provisional head company of the group is an alteration time in respect of the *head company of the *MEC group.

Additional alteration times based on Subdivision 719‑K
 (4) If Subdivision 719‑K (MEC group cost setting rules: pooling cases) applies, the time just before the trigger time referred to in paragraph 719‑555(1)(a) is an alteration time in respect of the *head company of the *MEC group.

719‑730  Some alteration times only affect interests in top company
 (1) This section applies if an *alteration time (except one arising under subsection 719‑725(4)) happens for the *head company of a *MEC group.
 (2) Sections 165‑115ZA and 165‑115ZB apply, in relation to the alteration time, to an interest or debt that is, or is part of, a relevant equity interest or relevant debt interest that an entity has in the *head company just before the *alteration time, only if the interest or debt is:
 (a) an *equity or loan interest in the *top company for the MEC group; or
 (b) an *indirect equity or loan interest in the top company.
Note: Sections 165‑115ZA and 165‑115ZB are about the consequences that an alteration time for a loss company has for relevant equity interests and relevant debt interests in the company.
 (3) In determining what is a relevant equity interest or relevant debt interest that an entity has in the *head company just before the *alteration time, make the assumptions in subsection 719‑720(5).

719‑735  Some alteration times affect only pooled