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-E - 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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