Commonwealth Consolidated Acts Commonwealth Consolidated ActsA consolidated group and a consolidatable group each consists of a head company and all the companies, trusts and partnerships that:
(a) are resident in Australia; and
(b) are wholly-owned subsidiaries of the head company (either directly or through other companies, trusts and partnerships).
A consolidatable group becomes consolidated at a time chosen by the company that was the head company at the time.
Table of sections
Basic concepts
703-5 What is a consolidated group ?
703-10 What is a consolidatable group ?
703-15 Members of a consolidated group or consolidatable group
703-20 Certain entities that cannot be members of a consolidated group or consolidatable group
703-25 Australian residence requirements for trusts
703-30 When is one entity a wholly-owned subsidiary of another?
703-33 Transfer time for sale of shares in company
703-35 Treating entities as wholly-owned subsidiaries by disregarding employee shares
703-37 Disregarding certain preference shares following an ADI restructure
703-40 Treating entities held through non-fixed trusts as wholly-owned subsidiaries
703-45 Subsidiary members or nominees interposed between the head company and a subsidiary member of a consolidated group or a consolidatable group
Choice to consolidate a consolidatable group
703-50 Choice to consolidate a consolidatable group
Consolidated group created when MEC group ceases to exist
703-55 Creating consolidated groups from certain MEC groups
Notice of events affecting consolidated group
703-58 Notice of choice to consolidate
703-60 Notice of events affecting consolidated group
Effects of choice to continue group after shelf company becomes new head company
703-65 Application
703-70 Consolidated group continues in existence with interposed company as head company and original company as a subsidiary member
703-75 Interposed company treated as substituted for original company at all times before the completion time
703-80 Effects on the original company's tax position