Commonwealth Consolidated Acts Commonwealth Consolidated ActsSections 715 - 245 to 715 - 260 affect how Subdivision 165 - CD (about reductions after alterations in ownership or control of loss company) applies to a company (the leaving entity ) at and after the time (the leaving time ) when it ceases to be a * subsidiary member of a * consolidated group that came into existence at a particular time (the formation time ).
Note: If a trust ceases to be a subsidiary member of a consolidated group: see section 715 - 270.