INCOME TAX ASSESSMENT ACT 1936 (ARCHIVE)

PART VI - COLLECTION AND RECOVERY OF TAX  

Division 1C - Payment of instalments by companies and certain trustees  

Subdivision BA - Instalment taxpayer groups  

SECTION 221AZMA  

221AZMA   MEDIUM TAXPAYER IN LARGE GROUP TREATED AS LARGE TAXPAYER  
An instalment taxpayer is classified as large, and is not classified as medium, if:

(a) apart from this section, it would be classified as medium; and

(b) at the end of the first day of month 9:

(i) it is a member of an instalment taxpayer group; and

(ii) the total of the respective amounts of likely tax of all members of the group (including the taxpayer) is more than $300,000.