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Regulation 5 References to groups, etc

Original text. Later amendments are not shown.

(1)

This Part makes provision about two or more bodies corporate being treated as members of the same group for the purposes of the Act (`group treatment').

(2)

For those purposes, or any regulation or direction made by or under the Act—

(a)

a body corporate is a member of a group at any time in relation to which it falls to be treated as such a member in accordance with this Part; and

(b)

the body corporate which is to be taken to be the representative member for a group at any time is the member of the group which in relation to that time is the representative member under this Part in the case of that group.

(3)

A body corporate that is a member of a group shall, under Part V of the Act, be registered in the name of the representative member.