Commonwealth Consolidated Acts

INCOME TAX ASSESSMENT ACT 1997 - SECT 703.58

  (1)   If a * consolidated group comes into existence on the day specified in a choice under section   703 - 50, the * head company of the group must give the Commissioner a notice in the * approved form containing the following information:

  (a)   the identity of the head company;

  (b)   the day specified in the choice on which the * consolidatable group is taken to be consolidated;

  (c)   the identity of each * subsidiary member of the group on that day;

  (d)   the identity of each entity that was a subsidiary member of the group on that day but was not such a subsidiary member when the notice is given;

  (e)   the identity of each entity that was not a subsidiary member of the group on that day but was such a subsidiary member when the notice is given;

  (f)   the identity of each entity that became a subsidiary member of the group after that day but was not such a subsidiary member when the notice is given.

  (2)   The notice must be given no later than:

  (a)   if the * head company is required to give the Commissioner its * income tax return for the income year during which that day occurs--the day on which the company gives the Commissioner that income tax return; or

  (b)   otherwise--the last day in the period within which the head company would be required to give the Commissioner such a return if it were required to give the Commissioner such a return.