Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) For the purposes of Subdivision 165 - CD, treat the * head company of a * consolidated group as not having a relevant equity interest in a * loss company at a particular time if:
(a) the head company is an * eligible tier - 1 company of a * top company at that time; and
(b) the top company is a * widely held company at that time; and
(c) because of subsections 165 - 115X(2A), (2B) and (2C), the top company does not have a relevant equity interest under section 165 - 115X in the loss company at that time.
(2) For the purposes of paragraph (1)(c), disregard the operation of subsection 701 - 1(1) (the single entity rule) in determining whether subsection 165 - 115X(2C) has the effect that the * top company has the relevant equity interest mentioned in that paragraph.
(3) For the purposes of Subdivision 165 - CD, treat the * head company of a * consolidated group as not having a relevant debt interest in a * loss company at a particular time if:
(a) the head company is an * eligible tier - 1 company of a * top company at that time; and
(b) the top company is a * widely held company at that time; and
(c) because of subsections 165 - 115Y(3A), (3B) and (3C), the top company does not have a relevant debt interest under section 165 - 115Y in the loss company at that time.