- Date
-
16 May 2002
- Chamber
-
House of Representatives
- Status
-
Act
-
Portfolio
-
Treasury
- Summary
-
Amends the
Income Tax Assessment Act 1997
to introduce a consolidation regime for resident entities that comprise a wholly-owned corporate group. Also amends the Income Tax (Transitional Provisions) Act 1997
in relation to transitional concessions available for transferred losses; Taxation Administration Act 1953
in relation to pay as you go instalments for entities in consolidated groups; makes consequential amendments to the Income Tax Assessment Act 1936
and Income Tax Assessment Act 1997
; and contains application and transitional provisions.