Consolidation amendments in Schedule 1

This consultation process has now been completed. Submissions available
Consultation Type
Exposure Draft

Key Documents

On 25 November 2011 the Government announced changes to the income tax law affecting consolidated groups as part of its continued commitment to maintaining the integrity, equity and fairness of the tax system. 

Exposure draft legislation and explanatory material for the proposed amendments is attached.

The proposed consolidation amendments (in Schedule 1 to the exposure draft legislation) modify the consolidation tax cost setting and rights to future income rules to make the tax outcomes for consolidated groups more consistent with the tax outcomes that arise when assets are acquired outside the consolidation regime.


11 submissions were received for this consultation.

CPA Australia - pdf 178.18 KB
Deloitte - pdf 333.46 KB
Ernst & Young - pdf 137.54 KB
Ernst & Young Addendum - pdf 107.66 KB
Greenwoods & Freehills - pdf 963.24 KB
Moore Stephens - pdf 458.35 KB
PKF - pdf 162.13 KB
PricewaterhouseCoopers - pdf 642.88 KB
TPG Telecom - pdf 181.76 KB