Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) Within 28 days of an event described in an item of the table, the entity described in column 3 of the item must give the Commissioner notice in the * approved form of the event.
| Notice of events | ||
| Column 1 Item | Column 2 If this event happens: | Column 3 Notice must be given by: |
1 | An entity becomes a * member of a * consolidated group | The * head company of the consolidated group |
| 2 | An entity ceases to be a * subsidiary member of a * consolidated group | The * head company of the group, or the person who was its public officer just before it ceased to exist if the former subsidiary member ceases to be a * member of the group because the head company ceases to exist |
| 3 | A * consolidated group ceases to exist | The company that was the * head company of the group, or the person who was its public officer just before it ceased to exist if it ceases to be the head company of the group because it ceases to exist |
(2) Despite subsection (1), if:
(a) an event described in subsection (1) happens in relation to a * consolidated group that comes into existence on the day specified in a choice under section 703‑50; and
(b) the event happens more than 28 days before the choice is made;
the company that makes the choice must give the Commissioner notice in the * approved form of the event at the same time as the choice is made.
(3) Despite subsection (1), if:
(a) an event described in subsection (1) happens in relation to a * consolidated group that comes into existence at a time under subsection 703‑55(1) because a * MEC group ceased to exist at that time; and
(b) the * MEC group came into existence under paragraph 719‑5(1)(a) because a notice of choice under section 719‑50 is given after that time; and
(c) the event happens more than 28 days before the notice of choice is given;
the * head company of the consolidated group must give the Commissioner notice in the * approved form of the event at the same time as the notice of choice is given.
[The next Division is Division 705.]