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The Government will improve the operation of the rules relating to the calculation and collection of income tax liabilities from consolidated groups and multiple entry consolidated groups (MEC groups) by:

  • clarifying that the Commissioner of Taxation can recover unpaid PAYG liabilities under the liability for payment rules, with effect from 11 May 2010;
  • clarifying that the liability for payment of tax rules applies to MEC groups, with effect from 11 May 2010;
  • clarifying that an entity that pays its contribution amount under a tax sharing agreement can leave a consolidated group or MEC group clear from any further liability, with effect from the 2004-05 income year;
  • ensuring that, where there is a change in the provisional head company of a MEC group during an income year, any PAYG instalments paid by the former provisional head company on behalf of the group are attributed to the group, with effect from 1 July 2002; and
  • clarifying that relevant parts of the income tax law apply to MEC groups in the
    same way as they apply to consolidated groups, with effect from 1 July 2002.

For more information, see the Assistant Treasurer's media release, No 2010/91, 11 May 2010.

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