Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
If:
(a) the *head company of a *consolidated group is liable to pay an instalment for an *instalment quarter; and
(b) this Subdivision applies to the head company during that quarter;
Subsection (3) applies if section 45-703 applies to the *head company of the *consolidated group (because it is a *monthly payer).
Treat the reference in subsection (1) to subsection 45-61(2) as instead being a reference to subsection 45-67(2) .
Note: See section 3AA .
Chapter 2 - Collection, recovery and administration of income tax
PART 2-10
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PAY AS YOU GO (PAYG) INSTALMENTS
Division 45
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Instalment payments
Subdivision 45-Q
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General rules for consolidated groups
Usual operation of this Part for consolidated group members
SECTION 45-715
WHEN INSTALMENTS ARE DUE
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MODIFICATION OF SECTION 45-61
45-715(1)
If:
(a) the *head company of a *consolidated group is liable to pay an instalment for an *instalment quarter; and
(b) this Subdivision applies to the head company during that quarter;
then, despite subsection 45-61(2) , the instalment is due on or before the 21st day of the month after the end of that quarter whether or not the head company is a *deferred BAS payer on that day.
45-715(2)
Subsection (3) applies if section 45-703 applies to the *head company of the *consolidated group (because it is a *monthly payer).
45-715(3)
Treat the reference in subsection (1) to subsection 45-61(2) as instead being a reference to subsection 45-67(2) .
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