Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
An instalment group consists of:
(a) a company:
(b) any other company of which the first-mentioned company has *majority control. 45-145(2)
A company has majority control of another company if, and only if:
(a) the first company is in a position to cast, or control the casting of, more than 50% of the maximum number of votes that might be cast at a general meeting of the other company; or
(b) the first company has the power to appoint or remove the majority of the directors of the other company; or
(c) the other company is, or a majority of its directors are, accustomed or under an obligation, whether formal or informal, to act according to the directions, instructions or wishes of the first company.
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-E
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Annual payers
When you start and stop being an annual payer
SECTION 45-145
MEANING OF
INSTALMENT GROUP
45-145(1)
An instalment group consists of:
(a) a company:
(i) that has *majority control of at least one other company; but
(ii) of which no other company has *majority control; and
(b) any other company of which the first-mentioned company has *majority control. 45-145(2)
A company has majority control of another company if, and only if:
(a) the first company is in a position to cast, or control the casting of, more than 50% of the maximum number of votes that might be cast at a general meeting of the other company; or
(b) the first company has the power to appoint or remove the majority of the directors of the other company; or
(c) the other company is, or a majority of its directors are, accustomed or under an obligation, whether formal or informal, to act according to the directions, instructions or wishes of the first company.
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