Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 2 - Collection, recovery and administration of income tax  

PART 2-10 - PAY AS YOU GO (PAYG) INSTALMENTS  

Division 45 - Instalment payments  

Subdivision 45-Q - General rules for consolidated groups  

Usual operation of this Part for consolidated group members

SECTION 45-710  

45-710   SINGLE ENTITY RULE  

If an entity is a * subsidiary member of a * consolidated group for any period during which this Subdivision applies to the * head company of the group:

(a) that entity; and

(b) any other subsidiary member of the group;

are taken for the purposes of this Part to be parts of that head company (rather than separate entities) during that period.

Note:

That means, amongst other things, the head company would be liable to pay instalments for that period as if the subsidiary members were parts of the head company.