Document ID: chunk:federal_register_of_legislation:C2010C00690:clause:4_1:p2
Version: federal_register_of_legislation:C2010C00690
Segment Type: clause
Provision Reference: sch 4 cl 1 (pt 2/8)
Character Range: 295342–298007

than separate entities) during that period.

Note: That means, amongst other things, the head company would be liable to pay instalments for that period as if the subsidiary members were parts of the head company.

45‑715  When instalments are due—modification of section 45‑61

  If:
 (a) the *head company of a *consolidated group is liable to pay an instalment for an *instalment quarter; and
 (b) this Subdivision applies to the head company during that quarter;
then, despite subsection 45‑61(2), the instalment is due on or before the 21st day of the month after the end of that quarter whether or not the head company is a *deferred BAS payer on that day.

45‑720  Head company cannot be an annual payer—modification of section 45‑140

  Despite any other provisions in this Part, the *head company of a *consolidated group cannot choose to be an *annual payer under section 45‑140 while this Subdivision applies to the head company.

[The next section is section 45‑755.]

Membership changes

45‑755  Entry rule (for an entity that becomes a subsidiary member of a consolidated group)

 (1) Despite any other provisions in this Part, an entity is liable to pay an instalment for an *instalment quarter or income year (as appropriate) during which the entity becomes a *subsidiary member of a *consolidated group if:
 (a) this Subdivision applies to the *head company of the group at any time during that quarter or year (as appropriate); and
 (b) the entity would otherwise be liable to pay an instalment for that quarter or year (as appropriate) if it had not become a subsidiary member of the group; and
 (c) the entity becomes a subsidiary member of the group on a day other than the first day of that quarter or the first day of that year (as appropriate).

Note: Under paragraph (b), this section could apply to an entity that, at the time of becoming a subsidiary member of the group, was not a subsidiary member of another consolidated group, or was a member of another consolidated group but this Subdivision did not apply to the head company of that other group at that time.

Modifications for a quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax

 (2) Subsections (3) and (4) apply to the entity if:
 (a) the entity would have been a *quarterly payer who pays 4 instalments annually on the basis of GDP‑adjusted notional tax at the end of the *instalment quarter mentioned in subsection (1) if it had not become a *subsidiary member of the group; and
 (b) the amount of the instalment payable by the entity for that quarter would have been worked out under paragraph 45‑112(1)(b); and
 (c) that quarter