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?
703‑35 Treating entities as wholly‑owned subsidiaries by disregarding employee shares
703‑40 Treating entities held through non‑fixed trusts as wholly‑owned subsidiaries
703‑45 Entities interposed between the head company and a subsidiary member of a consolidated 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
703‑60 Notice of events affecting consolidated group
[This is the end of the Guide.]