Taxation Administration Act 1953

If:

but for Subdivision 45‑Q, a *subsidiary member of a *consolidated group would be liable to pay an instalment for an *instalment quarter of the subsidiary member that includes the starting time; and

that quarter starts before the start of the instalment quarter of the *head company of the group that includes the starting time;

If:

but for Subdivision 45‑Q, a *subsidiary member of a *consolidated group would be liable to pay an annual instalment for an income year of the subsidiary member that includes the starting time; and

that year ends before the end of the income year of the *head company of the group that includes the starting time;

The amount of the instalment must be worked out on the following assumptions:

that the *instalment quarter or income year of the *subsidiary member (as appropriate) consists only of the period that is the part of the quarter or year occurring before the starting time;

that an amount required to be worked out for the purpose of determining the *instalment income of the subsidiary member for that period is worked out under section 45‑855.

For the purposes of this section, the starting time is the time at which Subdivision 45‑Q starts to apply to the *head company of the group because of subsection 45‑705(2) or subparagraph 45‑705(3)(c)(ii), (4)(d)(ii) or (iv).