Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_4:p12
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 4 (pt 12/22)
Character Range: 892464–895097

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:
 (a) the entity would have been a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax at the end of the *instalment quarter mentioned 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 if all of the following conditions are satisfied:
 (a) the entity ceases to be a *subsidiary member of a *consolidated group during an *instalment quarter of the *head company of the group;
 (b) this Subdivision applies to the head company of the group during that instalment quarter;
 (c) the entity does not, at the time it ceases to be a subsidiary member of the group, become:
 (i) a subsidiary member of another consolidated group the head company of which is one to which this Subdivision applies at that time; or
 (ii) a member (other than the *provisional head company) of a *MEC group the provisional head company of which is one to which this Subdivision applies, in accordance with Subdivision 45‑S, at that time;
 (d) this Part applies to the entity under section 45‑10.
 (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)