A New Tax System (Goods and Services Tax) Regulations 2019

Chapter 4 - The special rules  

Part 4-2 - Special rules mainly about supplies and acquisitions  

Division 70 - Financial supplies (reduced credit acquisitions)  

SECTION 70-5.01A   70-5.01A   Meaning of closely related  
An enterprise is closely related to another enterprise if any of the following conditions apply:


(a) both enterprises are carried on by the same entity;


(b) one enterprise is carried on by a 100% subsidiary of the entity that carries on the other enterprise;


(c) both enterprises are carried on by 100% subsidiaries of the same entity.




This information is provided by CCH Australia Limited Link opens in new window. View the disclaimer and notice of copyright.