31BWhat happens to findings if R&D entity leaves a group

#### 31B What happens to findings if R&D entity leaves a group (1) The consequences in subsection (2) apply if a finding (the group finding) under this Part: (a) is for an R&D entity that is the head company of a consolidated group or MEC group; and (b) is in force immediately before the time (the leaving time) another R&D entity ceases to be a subsidiary member of the group; and (c) is for an activity to be conducted by or for the other R&D entity wholly or partly after the leaving time; and (d) is not a deemed finding. (2) The consequences are as follows: (a) a corresponding finding (the continuing finding) in the same terms is taken to come into force at the leaving time for the other R&D entity and the activity; (b) everything that happened under this Part before the leaving time in relation to the group finding is taken to have happened in relation to the continuing finding; (c) the group finding ceases to be in force at the leaving time.