• Legal database
Legal database

Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

View history reference
 View history note

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

View history reference
 View history note

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

 View history note

Division 45 - Instalment payments  

View history reference

Subdivision 45-Q - General rules for consolidated groups  

View history reference
 View history note

SECTION 45-700   WHAT THIS SUBDIVISION IS ABOUT  

View history reference

This Subdivision allows the members of a consolidated group to be treated as a single entity for the purposes of Pay as you go (PAYG) instalments. Generally, the head company of the group is the entity liable to pay PAYG instalments.

The PAYG instalments provisions in this Part apply to the head company in much the same way as they apply to any other company. However, the operation of some of these provisions is modified by this Subdivision.

This Subdivision also contains special rules to deal with changes in the membership of the group.

Note 1:

Subdivision 45-R contains special rules that apply to members of a consolidated group before they are treated as a single entity for the purposes of this Part. It also contains special rules that affect the operation of this Subdivision (see sections 45-880 and 45-885 ).

Note 2:

Subdivision 45-S extends the operation of this Subdivision so that it can apply to members of a MEC group. It contains modifications of this Subdivision for the purposes of that extended operation.

 View history note

View full documentView full documentBack to top

This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.