Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 2 - Collection, recovery and administration of income taxSECTION 45-160 HEAD COMPANY OF A CONSOLIDATED GROUP STOPS BEING ANNUAL PAYER 45-160(1)
You stop being an *annual payer at the start of an *instalment quarter if Subdivision 45-Q starts applying to you as the *head company of a *consolidated group during that quarter.
45-160(2)
You must pay an instalment for that *instalment quarter and later instalment quarters in accordance with Subdivision 45-B .
45-160(3)
You may again become an *annual payer if:
(a) after you stop being an *annual payer under subsection (1), you satisfy the conditions in subsection 45-140(1) or (1A) ; and
(b) you again choose under section 45-140 to pay instalments annually.
Note:
You cannot choose to be an annual payer while you are the head company of a consolidated group to which Subdivision 45-Q applies: see section 45-720 .
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