Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) To determine whether a * consolidated group is an * exempting entity or * former exempting entity, the tests in Division 208 are applied to the * head company of the group.
(2) However, there are some additional rules that can alter the way that Division 208 applies to a * consolidated group. These are set out in sections 709 - 160 to 709 - 175.
(3) In applying those rules to an entity that is a * member of a * consolidated group:
(a) Division 208 is to be applied before those rules; and
(b) that Division is to be applied just after the entity became a member of the group but, for a * subsidiary member, it is to be applied on the assumption that the subsidiary was not a member of the group at that time.
(4) Except as mentioned in paragraph (3)(b), Division 208 has no application to a * subsidiary member of a * consolidated group.