On 7 November 2013 the ATO released a Practice Statement (Practice Statement Law Administration 2013/5 (PS LA 2013/5)) which details the Commissioner’s policy (previously included in Chapter 35 of the ATO’s Receivables Policy) in relation to:

1. the collection of group liabilities from the Head Company, member entities and entities that have exited a Consolidated Group;
2. Tax Sharing Agreements (TSAs); and
3. the requirements for a member entity to make a “clear exit” from the Group.