(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.