Let us know about consolidation

When you form an income tax consolidated group or a multiple entry consolidated (MEC) group, it’s important you notify us.

The quickest way for the head company to let us know that an income tax consolidated group or an MEC has been formed is by using Business PortalExternal Link mail and lodging either the:

Head companies for Income tax consolidated groups can also notify us onlineExternal Link.

Remember that once a head company chooses to consolidate, the choice cannot be revoked and the date of consolidation cannot be changed.

Converting to an MEC group

You will also need to let us know when an income tax consolidated group has converted to an MEC group by lodging the Notification of conversion to a MEC group form using Business PortalExternal Link mail.

When to tell us

You need to notify us by the date:

  • the head company lodges its income tax return for the income year the consolidation occurred, or
  • an income tax return would be due, in the case where the head company does not need to lodge an income tax return.

Notifying us two or three weeks before lodgment of your income tax return will ensure the return is processed correctly for the head company and sub-members of the group, and will prevent processing delays.

See also:

    Last modified: 05 Feb 2016QC 47918