Australian Tax Consolidated Group definition

Australian Tax Consolidated Group means a “consolidated group” or “MEC group” (as defined in the Australian Tax Act).
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Australian Tax Consolidated Group means a “consolidated group” or a “MEC group” as defined in the Australian Tax Act.
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Australian Tax Consolidated Group means a consolidated group or a multiple entry consolidated group as defined in, and for the purposes of, Part 3-90 of the Australian Tax Act.
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Examples of Australian Tax Consolidated Group in a sentence

  • Neither Holdings nor any of its Subsidiaries is a member of an Australian Tax Consolidated Group unless a TSA and a TFA are in full force and effect.

  • Each Loan Party that is a resident of Australia for tax purposes is (or will be following the Closing Date) a member of an Australian Tax Consolidated Group and, has entered (or will enter following the Closing Date) into an Australian Tax Sharing Agreement and an Australian Tax Funding Agreement with each other member of that Australian Tax Consolidated Group.

  • Neither Holdings nor any of its Subsidiaries (i) is a member of an Australian Tax Consolidated Group unless a TSA and a TFA are in full force and effect or (ii) is a member of an Australian GST Group unless an ITSA is in full force and effect.

  • The Company’s Australian parent, Goldman Sachs Holdings ANZ Pty Limited, is the head of the Australian Tax Consolidated Group ("the Tax Group").

  • Each Loan Party that is a resident of Australia for tax purposes is (or will be following the Closing Date or, if later, the date it becomes a party to this Agreement) a member of an Australian Tax Consolidated Group and, has entered (or will enter following the Closing Date or, if later, the date it becomes a party to this Agreement) into an Australian Tax Sharing Agreement and an Australian Tax Funding Agreement with each other member of that Australian Tax Consolidated Group.

  • For so long as it is part of an Australian Tax Consolidated Group, each Loan Party incorporated in Australia shall ensure that a valid Tax Sharing Agreement and Tax Funding Agreement is maintained in respect of the group liabilities (in the case of the Tax Sharing Agreement for the purposes of section 721-10 of the Tax Act) of that Australian Tax Consolidated Group, containing in the case of the Tax Funding Agreement, appropriate proportioning arrangements.

  • Note 20 – Tax Assets and Liabilities ConsolidatedGroup2015$000ConsolidatedGroup2014$000CURRENT Income tax receivable-14Income tax payable(455)(409)TOTAL(455)(395)The tax receivable and payable relate to the Group companies outside the Australian Tax Consolidated Group.

  • The Australian Tax Consolidated Group has potential future net income tax benefits of $12.2 million (net of deferred tax liabilities in relation to mine development, property plant & equipment and exploration expenditure not shown above) (2009: $8.9 million) calculated at 30% attributable to tax losses and timing differences carried forward.These have not been brought to account because the Directors do not consider the realisation of the future tax benefit as probable.

  • The Australian Borrower is not a member of an Australian Tax Consolidated Group.

  • No Australian Debtor is a member of an Australian Tax Consolidated Group.


More Definitions of Australian Tax Consolidated Group

Australian Tax Consolidated Group means a 'consolidated group' or 'MEC group' (as defined in the Australian Tax Act) of which an Australian Obligor is or becomes a member.
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Australian Tax Consolidated Group means a “Consolidated Group” or an “MEC Group” as defined in the applicable Australian Tax Act. “Australian TFA” means a tax funding agreement between the members of an Australian Tax Consolidated Group which includes (a) reasonably appropriate arrangements for the funding of tax payments by the “head company” (as defined in the applicable Australian Tax Act) having regard to the position of each member of the applicable Australian Tax Consolidated Group; and (b) an undertaking from each member of the Australian Tax Consolidated Group to compensate each other member adequately for loss of tax attributes (including tax losses and tax offsets) as a result of being a member of the Australian Tax Consolidated Group. “Australian TSA” means an agreement between the members of an Australian Tax Consolidated Group which takes effect as a tax sharing agreement under section 721-25 of the applicable Australian Tax Act and complies with the applicable Australian Tax Act and any applicable law, official directive, request, guideline or policy (whether or not having the force of law) issued in connection with the applicable Australian Tax Act. “Authorized Person” means any one of the individuals identified on Schedule A-2 to the Agreement, as such schedule is updated from time to time by written notice from Borrowers to Agent. “Available Currency” means (a) in the case of a U.S. Borrower, Dollars and (b) in the case of an Australian Borrower, Australian Dollars. “Available Increase Amount” means, as of any date of determination, an amount equal to the result of (a) $100,000,000 minus (b) the aggregate principal amount of Increases to the U.S. Revolver Commitments or U.S. Floorplan Commitments previously made pursuant to Section 2.14 of the Agreement. “Average Adjusted Excess Availability” means, with respect to any period, the sum of the aggregate amount of Adjusted Excess Availability for each Business Day in such period (calculated as of the end of each respective Business Day) divided by the number of Business Days in such period. “Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable EEA Resolution Authority in respect of any liability of an EEA Financial Institution.
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Related to Australian Tax Consolidated Group

  • Australian Tax Act means the Income Tax Assessment Act 1936 (Cth) (Australia) or the Income Tax Assessment Act 1997 (Cth) (Australia), as applicable.

  • non-taxable territory means the territory which is outside the taxable territory;

  • Consolidated Net Income means, with respect to any specified Person for any period, the aggregate of the Net Income of such Person and its Restricted Subsidiaries for such period, on a consolidated basis, determined in accordance with GAAP; provided that:

  • Income Tax Act means the Income Tax Act (Canada), as amended from time to time;

  • Consolidated Net Tangible Assets means total assets (less depreciation and valuation reserves and other reserves and items deductible from gross book value of specific asset accounts under GAAP) after deducting therefrom (i) all current liabilities and (ii) all goodwill, trade names, trademarks, patents, unamortized debt discount, organization expenses, and other like intangibles, all as set forth on the most recent balance sheet of the Company and its consolidated Subsidiaries and computed in accordance with GAAP.

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .