Taxation (Multinational - Global and Domestic Minimum Tax) Act 2024

PART 3 - CORE GROUP AND ENTITY CONCEPTS  

Division 1 - Groups, Entities and Permanent Establishments  

SECTION 16   MEANING OF CONSTITUENT ENTITY  

16(1)    
A Constituent Entity of a Group means:

(a)    in the case of a Group under subsection 17(1) - a Constituent Entity of the Group under subsection 17(4) or 18(3) ; or

(b)    in the case of a Group under paragraph 18(4)(a) - a Constituent Entity of the Group under paragraph 18(4)(b) ; or

(c)    an Entity, or a part of an Entity, prescribed by the Rules for the purposes of this paragraph.

16(2)    
Despite subsection (1) , subsections 17(4) and 18(3) , and paragraph 18(4)(b) , an Entity, or a part of an Entity, prescribed by the Rules for the purposes of this subsection is not a Constituent Entity of the Group.