Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
In applying sections 45-865 and 45-870 , and subsection 45-30(4) (which is related to section 45-865 ), to members of a *MEC group, those provisions have effect as if:
(a) a reference in those provisions to a *consolidated group were a reference to a *MEC group; and
(b) a reference in those provisions to a MEC group were a reference to a consolidated group.
However, the modifications in subsection (1) do not apply to subsection 45-865(4) and the note at the end of section 45-865 .
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-S
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MEC groups
Extended operation of Subdivision 45-R
SECTION 45-930
MODIFICATIONS OF SECTIONS 45-865 AND 45-870 AND A RELATED PROVISION
45-930(1)
In applying sections 45-865 and 45-870 , and subsection 45-30(4) (which is related to section 45-865 ), to members of a *MEC group, those provisions have effect as if:
(a) a reference in those provisions to a *consolidated group were a reference to a *MEC group; and
(b) a reference in those provisions to a MEC group were a reference to a consolidated group.
Note:
This means a reference in those provisions to the head company of a consolidated group has effect as if it were a reference to the head company of a MEC group. Similarly, a reference in those provisions to a subsidiary member of a consolidated group has effect as if it were a reference to a subsidiary member of a MEC group.
45-930(2)However, the modifications in subsection (1) do not apply to subsection 45-865(4) and the note at the end of section 45-865 .
Note:
This means subsection 45-865(4) and the note apply to members of a MEC group without any modifications.
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