‑1 What this Division is about
If the head company of a consolidated group fails to meet an income tax related liability by the time it becomes due and payable, entities that were subsidiary members of the group during the period to which the liability relates can also be responsible for all or part of the liability. Table of sections Object 721‑5 Object of this Division When this Division operates 721‑10 When this Division operates Joint and several liability of contributing member 721‑15 Head company and contributing members jointly and severally liable to pay group liability 721‑17 Notice of joint and several liability for general interest charge 721‑20 Limit on liability where group first comes into existence Tax sharing agreements 721‑25 When a group liability is covered by a tax sharing agreement 721‑30 TSA contributing members liable for contribution amounts 721‑32 Notice of general interest charge liability under TSA 721‑35 When a TSA contributing member has left the group clear of the group liability 721‑40 TSA liability and group liability are linked
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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