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  • 1. Ultimate and immediate holding company name and ABN or country code

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    The information you include at item 1, along with certain income labels, will be used to identify entities for inclusion in the Report of entity tax information.

    Ultimate holding company name and ABN or country code

    Print the name of the ultimate holding company in the group. This is the company that has ownership and controlling interest over the whole group of companies of which the company lodging the Company tax return 2018 and the immediate holding company form part.

    For a consolidated or MEC group, print the name of the ultimate holding company of the head company.

    If the ultimate holding company is registered on the ABR, write the ABN of the ultimate holding company.

    If it is resident in another country, give the code for that country. See Appendix 8.

    Immediate holding company name and ABN

    If the company has no immediate holding company, do not complete this item. Otherwise print the name of the immediate holding company. This is the company that has the largest share of the controlling interest in the operations of the company lodging the company tax return, and that is immediately above that company in the company group. If it is registered on the ABR, write the ABN of the immediate holding company.

    For a consolidated or MEC group, print the name of the immediate holding company (if any) of the head company.

    2. Description of main business activity

    The information you include at item 2, along with certain income labels, will be used to identify entities for inclusion in the Report of entity tax information.

    Describe as accurately as possible the business activity from which the company derived the most gross income (for example, beef cattle breeding, vegetable growing, clothing manufacturing, confectionery wholesaling, domestic appliance retailing, investing in shares and stocks, investing in residential property). Do not use general descriptions, such as farming, manufacturing, wholesaling, investing or company.

    For a consolidated or MEC group, print the business activity from which the group derived the most gross income.

    Industry code

    Write at B the appropriate industry code for the company’s main business. You can use the Business industry code tool to work out which code to use.

    Code the business activity as accurately as possible. The industry code is made up of five digits, for example, if the industry is ‘dairy cattle farming’, the code on the tax return is written as ‘01600’.

    For a consolidated or MEC group, print the business activity from which the group derived the most gross income.

    An incorrect code may result in clients not receiving a necessary service or material from us or could lead to incorrect targeting of audits. The industry code provided is also used to publish industry benchmarks in Taxation statistics.

    Our industry codes are a modified version of the ANZSIC, produced jointly by the Australian Bureau of Statistics and Statistics New Zealand.

    It is important to use the correct industry code to avoid delays in processing the tax return.

    Percentage of foreign shareholding

    Examine the top 10 shareholders of the company at the end of the income year. From these top 10 shareholders, identify the foreign shareholders and aggregate their percentage of shareholding held in the company. Write this percentage in whole numbers at A. If this aggregate percentage is less than 10%, disregard A.

    For the purpose of A, a foreign shareholder includes, but is not limited to, a shareholder:

    • whose address in the share register is shown as being outside Australia
    • that has directed that their dividends be paid at a place outside Australia
    • that is a company not incorporated in Australia
    • that is a company that does not have an Australian company number (ACN).

    3. Status of company

    The status of a company is defined with reference to several sections of the income tax law. It is important that you correctly complete this item as the information is used for multiple purposes including assessment, verification activities and for the purposes of the annual corporate tax transparency report.

    In this section:

    C Residency

    C1, C2 and C3

    Print X in the box that shows the appropriate description.

    Residency status is not required if you select D7 Corporate unit trust or D8 Public trading trust.

    Complete C3 if the company is a non-resident company carrying on a business in Australia through a permanent establishment (PE).

    D Entity type

    Print X in the box that shows the appropriate description.

    Only complete one of these labels. If more than one applies, select the one that appears first.

    Marking the incorrect box may result in you not receiving a necessary service or material from us or could lead to incorrect targeting of audits.

    D1 to D10

    A friendly society that carries on life insurance business must describe its status as D10 Public; otherwise its status is D3 Non-profit. For more information on friendly societies that carry on life insurance business, see 16 Life insurance companies and friendly societies only.

    D7 Corporate unit trust applies only to trusts that were a corporate unit trust within the meaning of former section 102J of the ITAA 1936. You can only select this status if the entity’s income year started before 1 July 2016 (early balancer) or the entity is the head company of a consolidated group.

    For more information see Unit trusts treated as corporate entities and Repeal of Division 6B.

    D8 Public trading trust applies only to trusts that are public trading trusts as defined in section 102R of the ITAA 1936.

    Legislative amendments in 2016 to modify Division 6C resulted in some trusts ceasing to be public trading trusts for income years starting on or after 1 July 2016. For more information see Unit trusts treated as corporate entities and 20% tracing rule in Division 6C.

    D9 Private or D10 Public is a company's status for tax purposes, not for company law purposes. A company must determine its status (as a public or private company) for tax purposes each income year.

    If you are a consolidated head company you need to indicate if you are D9 Private or D10 Public. You also need to select Z1 Consolidation head company.

    E Activity indicator

    E1 to E3

    Print X in the box that shows the appropriate description. If more than one label applies, select the one that appears first. If none apply, leave the boxes blank.

    F Business indicator

    F1

    Print X at F1 if the company is a small business entity for 2017–18.

    The company will be a small business entity if it is carrying on a business and has an aggregated turnover of less than $10 million. If you are an eligible small business entity it is important to indicate it at this label as it is used to correctly assess pay as you go instalments. See Eligibility.

    F2

    Print X at F2 if the company is a base rate entity for 2017–18 . For more information about base rate entities, see Base rate entities.

    A company can be both a small business and a base rate entity.

    G Significant global entity

    G1

    Print X in the box if the entity was a significant global entity (SGE) at any time during the income year.

    An entity is a SGE if it is:

    • a global parent entity with an annual global income of A$1 billion or more, or
    • a member of a group of consolidated entities for accounting purposes and one of the other group members is a global parent entity with an annual global income of A$1 billion or more.

    Print X in the box if the entity is a SGE because it, or any other member of the accounting consolidated group which the entity is a member of, has been given a notice by the Commissioner determining that its global parent entity would have an annual global income of A$1 billion or more for any period during the income year.

    For more information on SGEs search significant global entity on ato.gov.au

    If you are an SGE you must complete item 5 on the Company tax return.

    See also:

    Z Consolidated indicator

    Z1 and Z2

    Print X in the box that shows the appropriate description. Only complete one of these labels.

    • Select Z1 Consolidated head company if the company was a head company of a consolidated or MEC group at any time during the income year. Consolidated head companies need to indicate if they are D9 Private or D10 Public.
    • Select Z2 Consolidated subsidiary member if Z1 does not apply and the company was a subsidiary member of a consolidated or MEC group that had a period when it was not a member of the group (non-membership period) during the income year.

    If neither applies, leave the boxes blank.

    Last modified: 03 Oct 2019QC 55199