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-S - 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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