MINERALS RESOURCE RENT TAX ACT 2012 (REPEALED)
CHAPTER 4
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SPECIALIST LIABILITY RULES
PART 4-7
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ENTITIES
Division 215
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Consolidated groups
Operative provisions
SECTION 215-35
215-35
ACQUISITION OF CONSOLIDATED GROUP BY ANOTHER CONSOLIDATED GROUP ETC.
If a * member of a * consolidated group or * MEC group (the relinquishing group ) becomes a member of another consolidated group or MEC group (the acquiring group ) at a particular time (the acquisition time ):
(a) first apply section 215-25 or 215-30 (as the case requires) in relation to the member ceasing to be a member of the relinquishing group as if section 215-15 (the single entity rule) did not apply in relation to the member just after the acquisition time; and
(b) then apply section 215-20 in relation to the member becoming a member of the acquiring group as if section 215-15 (the single entity rule) did not apply in relation to the member just before the acquisition time.
If a * member of a * consolidated group or * MEC group (the relinquishing group ) becomes a member of another consolidated group or MEC group (the acquiring group ) at a particular time (the acquisition time ):
(a) first apply section 215-25 or 215-30 (as the case requires) in relation to the member ceasing to be a member of the relinquishing group as if section 215-15 (the single entity rule) did not apply in relation to the member just after the acquisition time; and
(b) then apply section 215-20 in relation to the member becoming a member of the acquiring group as if section 215-15 (the single entity rule) did not apply in relation to the member just before the acquisition time.
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