• Service: Tax, Corporate Tax, Topics, Federal Budget
  • Type: Regulatory update
  • Date: 27/05/2013

Tax Insights

KPMG's analysis of tax issues and developments.

Geoffrey Yiu

Geoffrey Yiu
Partner, Tax

+61 8 8236 3267

Tax Consolidation – new rules, new mindset 

by Geoffrey Yiu, Tax Operations Specialist

As part of this year’s Federal Budget, the government released its much anticipated response to The Board of Taxation (The Board) review of the Tax Consolidation regime.

A handful of The Board’s recommendations were adopted with effect from Budget night, while other recommendations have received in-principle government support and will undergo consultation.

Many current transactions are affected. There are some changes that specifically impact multiple-entry tax consolidated groups, as well as certain internal reorganisations, whilst other changes have broader application to every M&A deal. Some of The Board’s recommendations address issues faced by specific taxpayers, many of whom will now take part in the consultation process to ensure the appropriate outcomes are achieved.


There are around 25 potential changes to the Tax Consolidation regime with structuring, purchase price and compliance impacts.


Are you abreast of this wave of change?


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