Consolidation Reference Manual

The Consolidation reference manual was last updated on 15 July 2011. It does not contain any changes to consolidation legislation that has occurred since that time and will not be updated in future. It cannot be relied on for currency of content. For any future consolidation changes, you will be able to access information from our consolidation home page or by visiting our 'New legislation' page.
You can still refer to the Consolidation reference manual for consolidation information that has not been impacted by changes in the legislation.

C8 PAYG instalments

C8-0 About this section

About this section
When the head company lodges the first consolidated income tax return, the Tax Office calculates an instalment rate for the head company using information on the return. The head company then pays PAYG instalments on a consolidated basis, using a new Consolidated activity statement. This section has a detailed explanation of the treatment of PAYG instalments for consolidated groups, instructions for completing the Consolidated activity statement, and a sample of the activity statement. For a brief description of PAYG instalments for consolidated groups → 'Paying PAYG instalments', B3-2

About this section

When the head company lodges the first consolidated income tax return, the Tax Office calculates an instalment rate for the head company using information on the return. The head company then pays PAYG instalments on a consolidated basis, using a new Consolidated activity statement.

This section has a detailed explanation of the treatment of PAYG instalments for consolidated groups, instructions for completing the Consolidated activity statement, and a sample of the activity statement.

For a brief description of PAYG instalments for consolidated groups → 'Paying PAYG instalments', B3-2

Current at 28 May 2003

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