(1) A member of a * GST group is an entity that:
(a) formed the group under section 48-5, or was added to the group under section 48-70; and
(b) * satisfies the membership requirements of the group.
(2) However, the entity is not a member of the * GST group if the entity has, since the last time the entity became such a member:
(a) left, or been removed from, the group under section 48-70; or
(b) ceased to * satisfy the membership requirements of the group.
(3) The * representative member of a * GST group must notify the Commissioner, in the * approved form, if a * member of the group no longer * satisfies the membership requirements for the GST group.
(4) The notice must be given within 21 days after the * member no longer * satisfies the membership requirements for the * GST group.
Note: Section 286-75 in Schedule 1 to the Taxation Administration Act 1953 provides an administrative penalty for breach of this subsection.