Taxation Administration Act 1953

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

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

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

Division 45 - Instalment payments  

Subdivision 45-Q - General rules for consolidated groups  

Application of Subdivision

SECTION 45-703   EFFECT OF THIS SUBDIVISION AND SUBDIVISION 45-R IN RELATION TO MONTHLY PAYERS  

45-703(1)    
If:

(a) a company is the *head company of a *consolidated group; and

(b) the company is a *monthly payer;

this Subdivision and Subdivision 45-R have effect in relation to the company as the head company of the group in respect of an *instalment month in the same way in which they have effect in relation to a company that is a *quarterly payer as the head company of a consolidated group in respect of an *instalment quarter.

45-703(2)    
If:

(a) an entity is a *subsidiary member of a *consolidated group; and

(b) the entity is a *monthly payer;

this Subdivision and Subdivision 45-R have effect in relation to the entity in respect of an *instalment month in the same way in which they have effect in relation to an entity that is a *quarterly payer in respect of an *instalment quarter.

45-703(3)    
However, those effects are subject to any modifications set out in those Subdivisions.

Note:

Subdivision 45-S can also have effect in relation to a monthly payer because of the operation of this section and section 45-910 .