Commonwealth Consolidated Acts Commonwealth Consolidated ActsIf the leaving entity is a company, its first * changeover time at or after the leaving time is determined:
(a) on the basis that the reference time under subsection 165 - 115A(2A) is the one that would be used in determining whether the leaving time was a changeover time for the head company ; and
(b) making the additional assumptions in section 715 - 290.
Note: If the leaving entity is a trust, it cannot have a changeover time (because Subdivision 165 - CC applies only to companies), so section 715 - 95 applies to it instead: see subsection 715 - 95(2).