Smaller groups subsumed by larger groups

In force

(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 allows the

Commissioner, for payroll tax purposes, to exclude persons from a group constituted under this section in certain circumstances.

This Act’s bill:Explanatory statement Second reading speech

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74 Smaller groups subsumed by larger groups