Section FM 37 — Income Tax Act 2007: Leaving consolidated group

FM 37 Leaving consolidated group A company leaves a consolidated group if— (a) it chooses to leave the consolidated group and notifies the Commissioner of its election, see section FM 39 ; or (b) it no longer meets the eligibility criteria set out in section FM 31 , see section FM 40 ; or (c) when it is not a nominated company, it is no longer entitled to be in the same consolidated group as the nominated company, see section FM 40 ; or (d) it is part of a consolidated group that no longer has a nominated company, see section FM 41 . Defined in this Act: Commissioner , company , consolidated group , nominated company , notify , Compare: 2004 No 35 s FD 8(1)