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 45-720   45-720   HEAD COMPANY CANNOT BE AN ANNUAL PAYER - MODIFICATION OF SECTION 45-140  


Despite any other provisions in this Part, the *head company of a *consolidated group cannot choose to be an *annual payer under section 45-140 while this Subdivision applies to the head company.
Note:

You stop being an annual payer when this Subdivision starts applying to you as the head company of a consolidated group: see section 45-160 .




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