188体育

S1179CC CTA 2009听听

If the company is a member of a group, it can choose to surrender some or all of听the amount remaining听after Step听3 to any other member of the same group听of companies.听This Step听is optional.听

Example听1听

Production Company A has 拢75,000 credit remaining听after Step 3. It chooses to surrender 拢25,000 at Step 4 to Company B, which is a member of the same group.听Production company听A has 拢50,000 credit remaining听to carry forward to Step 5.听

There are specific rules about how to use an amount surrendered by a group member (CREC07200).听听

If a company surrenders an amount to a group member and that group member is not able to use the full amount to discharge its own liabilities under the surrender rules, the amount not used is treated as if it had never been surrendered.听

Example 2听

The scenario for Production Company A is the same as in example 1. However, of the 拢25,000 credit it receives, Company B is only able to use 拢20,000.听

The other 拢5,000 is treated as if it was never surrendered. Production Company A only uses up 拢20,000 credit at Step 4 and has 拢55,000 credit remaining听to carry forward to Step 5.听