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2 Status of business

Last updated 11 February 2019

Print X at B1, B2, or B3 to show the appropriate description for the status of the business. If more than one selection applies, select the first applicable option. If none of the selections applies, leave B1 to B3 blank.

Consolidation status

Print X at Z2 if the partnership was a subsidiary member of a consolidated group at any time during the income year.

In this case the tax return is for the period or periods during which the partnership was not a subsidiary member of a consolidated group or MEC group in the income year (non-membership periods). If applicable, it will be necessary to complete an International dealings schedule for periods attributable to the non-membership period.

For information about reporting multiple non-membership periods during the year, refer to the Consolidation reference manual then select ‘Part C - Detailed information’ – ‘C9 – Determine tax liabilities, determine obligations’ – ‘C9-5-110’.

If the partnership was a member of a consolidated group or MEC group for the whole income year, the head company of the group is responsible for including the details of the partnership's income and expenses in its return and preparing any relevant schedules.