We have developed a wide range of precedents that document tax-sharing and tax financing regimes. Among these precedents, the proposal to introduce an ITSA in the context of the GST is reflected in the Review of Legal Framework for the Administration of the Goods and Services Tax (December 2008) (report). In the report, the Taxation Board recommended, among other things, that members of a GST group or a joint GST company be able to conclude an indirect tax-sharing agreement4 in press release 42 of 12 May 20095. On June 28, 2010, the Tax Law Act (2010 GST Administration Measures No. 2) Act 2010 (Cth) (the Law) (the Act) (the Act) was passed with Royal Approval (1).1 The Act sets out the legal framework for companies that are members of a GST group or a GST joint venture to enter into an indirect tax-sharing agreement (ITSA). 1 Act 74 of 2010. 2 Since the beginning of the income tax consolidation scheme in 2002, members of a consolidated income tax group or consolidated group (CME) (consolidated groups) (all consolidated groups) can enter into an ASD and, if valid, provisions that jointly account for each member of the group or joint venture for the various group income tax liabilities apply. , no application. 3 This is currently planned in paragraph 444-90, paragraph 1 of Schedule 1 of the TAA, which was provided for in Section 53 of the TAA by July 1, 2006. 4 paragraph 7.1.40 of the report and recommendation 32. 5 Published by the Assistant Treasurer and Minister of Competition Policy and Consumer Protection. 6 Tax financing agreements are concluded, among other things, to ensure that groups can meet the accounting treatment of consolidated commitments under Interpretation 1052 of the Emergency Group, an interpretation of the accounting standard AASB 112 (income tax). 7 This does not include interest not collected solely for income tax, mineral oil tax and contribution tax.

8 Subsectors 16-A (for GST groups) and 16-B (for GST Joint Ventures) of the A New Tax System (Luxury Car Tax) Act 1999 and Sub-Division 21-B (for GST) -Groups) and Sub-Division 21-C (for GST Joint Ventures) of the A New Tax System (Wine Equalisation Tax) Act 1999 and Section 70-5 of the Fuel Tax Act 2006.