Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesIf an amount is payable under the * Minimum Tax law by a * Group Entity of an * Applicable MNE Group for a * Fiscal Year: (a) that Group Entity; and (b) each other Group Entity of the Applicable MNE Group (other than a Group Entity excluded by subsection (2) );
are jointly and severally liable to pay the amount.
128-5(2)
For the purposes of subsection (1) , a * Group Entity is excluded by this subsection if it is, at the time the amount becomes due and payable, prohibited according to the effect of an * Australian law from entering into any arrangement under which the Group Entity becomes subject to a liability referred to in that subsection.
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