Taxation Administration Act 1953
Sch 1 inserted by No 178 of 1999 (as amended by No 179 of 1999 and No 44 of 2000).
Note: See section 3AA .Chapter 2 - Collection, recovery and administration of income tax
Ch 2 title inserted by No 73 of 2006 , s 3 and Sch 5 item 40, effective 1 July 2006.
Pt 2-10 applies to the 2000/2001 income year and later income years. If the Commissioner gives an entity an instalment rate before the start of the 2000/2001 income year, s 45-50 applies as if the rate had been given on the first day of that income year.
Subdiv 45-Q inserted by No 68 of 2002.
This section applies to an entity if all of the following conditions are satisfied:
(a) the entity ceases to be a *subsidiary member of a *consolidated group during an *instalment quarter of the *head company of the group;
(b) this Subdivision applies to the head company of the group during that instalment quarter;
(c) the entity does not, at the time it ceases to be a subsidiary member of the group, become:
(i) a subsidiary member of another consolidated group the head company of which is one to which this Subdivision applies at that time; or
(ii) a member (other than the *provisional head company) of a *MEC group the provisional head company of which is one to which this Subdivision applies, in accordance with Subdivision 45-S , at that time;
(d) this Part applies to the entity under section 45-10 .
S 45-760(1) substituted by No 16 of 2003.
This Part applies to the entity as if:
(a) the Commissioner had given the entity an instalment rate equal to the most recent instalment rate given to the *head company mentioned in paragraph (1)(a) before the end of the *instalment quarter mentioned in that paragraph; and
(b) the entity were a *quarterly payer who pays on the basis of instalment income at the end of that instalment quarter, and of each subsequent instalment quarter, until:
(i) if the Commissioner first gives the entity an instalment rate worked out on the basis of the *base assessment covered by subsection (3) during the first instalment quarter of an income year - immediately before the end of that first instalment quarter; or
(ii) if that rate is given to the entity during any other instalment quarter of an income year - immediately after the end of the last instalment quarter of that year.
This section only covers the first *base assessment of the entity for an income year that is, or includes, a period after the entity ceases to be a *subsidiary member of the group.
S 45-760 inserted by No 68 of 2002.
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