Although the article does not cover the specific financing schemes to be put in place, the following elements are taken into account: As a general rule, group members are jointly and severally liable for the group`s income tax debt in the event of default by the main company, unless the group debt is covered by a tax sharing agreement (TSA) that meets certain legal requirements. Typically, a member who takes an TSA can get a net exit from the group in which the payment to the primary business is made in accordance with the TSA. Overall, an ITSA has a similar purpose to that of a tax sharing agreement (TSA) in the context of the consolidated income tax group (consolidation provisions).2 Tax financing agreements complement tax sharing agreements and determine how subsidiaries finance the payment of taxes by the main company and when the lead company will be required to make payments to subsidiaries for certain tax attributes; which are generated by the group`s subsidiaries as == supporting documents = === 5 Published by the treasurer and Minister of Competition and Consumers at the time. 6 Tax financing agreements are concluded, inter alia, to ensure that groups can comply with the accounting treatment of group liabilities, as for group members, in accordance with interpretation 1052 of accounting standard AASB 112 (income taxes). 7 This does not include the shortfall interest package, which is levied only for income tax, mineral oil rent tax and surplus tax. 8 Subdivisions 16-A (for GST groups) and 16-B (for GST joint ventures) of the A New Tax System (Luxury Car Tax) Act 1999 and Subdivision 21-B (for GST and subdivision 21-C (for GST joint ventures) of the Equal Opportunity Act 1999 (A New Tax) and section 70-5 of the Fuel Tax Act 2006. .