‑1 What this Division is about
A 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? 703‑33 Transfer time for sale of shares in company 703‑35 Treating entities as wholly‑owned subsidiaries by disregarding employee shares 703‑37 Disregarding certain preference shares following an ADI restructure 703‑40 Treating entities held through non‑fixed trusts as wholly‑owned subsidiaries 703‑45 Subsidiary members or nominees interposed between the head company and a subsidiary member of a consolidated group or a consolidatable 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 703‑58 Notice of choice to consolidate 703‑60 Notice of events affecting consolidated group Effects of choice to continue group after shelf company becomes new head company 703‑65 Application 703‑70 Consolidated group continues in existence with interposed company as head company and original entity as a subsidiary member 703‑75 Interposed company treated as substituted for original entity at all times before the completion time 703‑80 Effects on the original entity’s tax position
Sourced from the Federal Register of Legislation at 25 May 2026. For the latest information on Australian Government law please go to https://www.legislation.gov.au. Verify the current text against the official source before relying on it.
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