PAYROLL TAX ACT 2007 - SECT 74 Smaller groups subsumed by larger groups
PAYROLL TAX ACT 2007 - SECT 74
Smaller groups subsumed by larger groups(1) If a person is a member of 2 or more groups, the members of all the groups together constitute a group.
(2) If 2 or more members of a group have together a controlling interest in a business (within the meaning of section 72), all the members of the group and the person or persons who carry on the business together constitute a group.
Note
Section 79 (Exclusion of persons from groups) allows the Commissioner, for payroll tax purposes, to exclude persons from a group constituted under this section in certain circumstances.
Division 3—Business groups—tracing of interests in corporations