Commonwealth Consolidated Acts Commonwealth Consolidated Acts(1) This Division operates if:
(a) a * tax - related liability mentioned in subsection (2) (a group liability ) of the * head company of a * consolidated group was not paid or otherwise discharged in full by the time the liability became due and payable (the head company's due time ); and
(b) one or more entities (the contributing members ) were * subsidiary members of the group for at least part of the period to which the group liability relates.
Note: This Division operates even if some or all of the contributing members were no longer members of the group at the head company's due time.
(2) The following table lists the * tax - related liabilities for the purposes of paragraph (1)(a) and the periods to which each of those liabilities relate:
Tax - related liabilities of the head company and the periods to which they relate | ||
Item | The tax - related liability of the head company that becomes due and payable as specified in this provision ... | ... relates to this period |
3 | section 5 - 5 of the Income Tax Assessment Act 1997 (income tax, and other amounts treated in the same way as income tax under that section) | the * financial year to which the income tax etc. relates |
5 | section 197 - 70 of the Income Tax Assessment Act 1997 (untainting tax) | the * franking period of the * head company in which the * untainting tax became due and payable |
10 | subsection 214 - 150(1) of the Income Tax Assessment Act 1997 (franking tax) | the income year to which the * franking tax relates |
15 | subsection 214 - 150(2) of the Income Tax Assessment Act 1997 (franking tax--part year assessment) | the particular period mentioned in subsection 214 - 70(1) to which the * franking tax relates |
20 | subsection 214 - 150(3) of the Income Tax Assessment Act 1997 (franking tax--amended assessments otherwise than because of deficit deferral) | the income year (or particular period mentioned in subsection 214 - 70(1)) to which the * franking tax relates |
22 | subsection 214 - 150(4) of the Income Tax Assessment Act 1997 (franking tax--deficit deferral) | the income year (or particular period mentioned in subsection 214 - 70(1)) to which the * franking deficit tax relates |
30 | section 45 - 61 in Schedule 1 to the Taxation Administration Act 1953 (quarterly * PAYG instalment) | the * instalment quarter to which the * instalment relates |
32 | section 45 - 67 in Schedule 1 to the Taxation Administration Act 1953 (monthly * PAYG instalment) | the * instalment month to which the * instalment relates |
35 | section 45 - 70 in Schedule 1 to the Taxation Administration Act 1953 (annual * PAYG instalment) | the income year to which the * instalment relates |
40 | section 8AAE of the Taxation Administration Act 1953 (general interest charge) | the period provided for in this table for the * tax - related liability to which the general interest charge relates |
45 | subsection 45 - 230(4) in Schedule 1 to the Taxation Administration Act 1953 (general interest charge on shortfall in instalment worked out on basis of varied rate) | the * instalment quarter or * instalment month to which the general interest charge relates |
50 | subsection 45 - 232(5) in Schedule 1 to the Taxation Administration Act 1953 (general interest charge on shortfall in quarterly instalment worked out on basis of estimated benchmark tax) | the * instalment quarter to which the general interest charge relates |
55 | subsection 45 - 235(5) in Schedule 1 to the Taxation Administration Act 1953 (general interest charge on shortfall in annual instalment) | the income year to which the general interest charge relates |
60 | subsection 45 - 875(2) in Schedule 1 to the Taxation Administration Act 1953 (head company's liability to GIC on shortfall in instalment) | the * instalment quarter or * instalment month to which the general interest charge relates |
65 | if an administrative penalty of a kind mentioned in section 284 - 75, 284 - 145, 286 - 75 or 288 - 25 in Schedule 1 to the Taxation Administration Act 1953 relates only to another * tax - related liability mentioned in this table--section 298 - 15 in that Schedule | the period provided for in this table for the * tax - related liability to which the penalty relates |
70 | Division 280 in Schedule 1 to the Taxation Administration Act 1953 (shortfall interest charge) | the period provided for in this table for the * tax - related liability to which the shortfall interest charge relates |
115 | Subsection 177P(3) of the Income Tax Assessment Act 1936 (diverted profits tax) | the income year to which the diverted profits tax relates |
Note: The other amounts referred to in item 3 of the table are interest payable under section 102AAM of the Income Tax Assessment Act 1936 (distributions from certain non - resident trust estates).
(3) Item 30 of the table in subsection (2) is taken not to include a * PAYG instalment of the * head company if the Commissioner gave the head company its * initial head company instalment rate after the end of the * instalment quarter of the head company to which the PAYG instalment relates.
(3A) Item 32 of the table in subsection (2) is
taken not to include a * PAYG instalment of the * head company if the
Commissioner gave the head company its * initial head company instalment rate
on or after the start of the * instalment month of the head company to which
the PAYG instalment relates.