s 719-165
In forceModified effect of paragraph 701‑45(1)(b)
Chapter 3Specialist liability rules
Part 3-90Consolidated groups
Division 719MEC rules
Subdivision 719-CCost setting
719-165 Modified effect of paragraph 701‑45(1)(b)
(1)
This section applies if the transitional group mentioned in paragraph 701‑45(1)(b) of this Act is a MEC group.
(2)
That paragraph applies as if the reference in that paragraph to the entity that became the head company were a reference to any entity that became a member of the group, and that was an eligible tier‑1 company, at the time the transitional group came into existence.
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