Document ID: chunk:federal_register_of_legislation:C2025C00119:section:31b
Version: federal_register_of_legislation:C2025C00119
Segment Type: section
Provision Reference: s 31B
Character Range: 83058–84109

31B  What happens to findings if R&D entity leaves a group
 (1) The consequences in subsection (2) apply if a finding (the group finding) under this Part:
 (a) is for an R&D entity that is the head company of a consolidated group or MEC group; and
 (b) is in force immediately before the time (the leaving time) another R&D entity ceases to be a subsidiary member of the group; and
 (c) is for an activity to be conducted by or for the other R&D entity wholly or partly after the leaving time; and
 (d) is not a deemed finding.
 (2) The consequences are as follows:
 (a) a corresponding finding (the continuing finding) in the same terms is taken to come into force at the leaving time for the other R&D entity and the activity;
 (b) everything that happened under this Part before the leaving time in relation to the group finding is taken to have happened in relation to the continuing finding;
 (c) the group finding ceases to be in force at the leaving time.

Division 6A—Determinations about Board's powers, functions and duties under this Part