31Registrations and findings not effective for subsidiary members for group R&D activities

#### 31 Registrations and findings not effective for subsidiary members for group R&D activities (1) An R&D entity’s registration under section 27A for an income year has no effect to the extent that the registration is for an activity conducted during a period that the R&D entity is a subsidiary member of a consolidated group or MEC group, of which the head company is an R&D entity. > Note: Example: If an activity is conducted by the R&D entity during all of an income year, and part way through the income year the R&D entity becomes a subsidiary member of a consolidated group: (a) the R&D entity can apply to be registered for the activity for the income year, and that registration will be effective in respect of the first part of the income year; and (b) the head company of the group can apply to be registered for the activity for the income year in respect of the second part of the income year. (2) If: (a) a finding is made under this Part on application by an R&D entity that is a subsidiary member of a consolidated group or MEC group; and (b) the head company of the group is also an R&D entity; the finding has no effect to the extent that the finding is for an activity conducted during a period that the R&D entity is a subsidiary member of the group.