New Business Tax System (Consolidation and Other Measures) Act 2003 (16 of 2003)
Schedule 14 Consolidation: liability rules
Taxation Administration Act 1953
12 At the end of subsection 250-10(2) in Schedule 1 (after the note)
Add:
Note 2: Members and former members of consolidated groups and MEC groups may be jointly and severally liable to pay certain tax-related liabilities related to the group's activities (see Division 721 of the Income Tax Assessment Act 1997).
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