Petroleum Resource Rent Tax Assessment Amendment Act 2012 (18 of 2012)

Schedule 5   Consolidated groups

Part 2   Other amendments

Income Tax Assessment Act 1997

5   At the end of section 721-10

Add:

(5) Items 95, 100, 105 and 110 of the table in subsection (2) only apply in relation to tax-related liabilities that are due and payable by the *head company because it chooses, under section 58N of the Petroleum Resource Rent Tax Assessment Act 1987, to apply Division 8 of Part V of that Act in relation to the *consolidated group.