Business performance
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Introduction
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Contents
Section B: Notes to the Group financial statements for the year ended 30 June 2026
B6 Income tax (continued) THL income tax consolidated group The entities in the THL income tax consolidated group entered into a tax sharing agreement (TSA) effective from 29 April 2009, with amendments executed on 30 June 2020 to cover various administrative changes in tax legislation. The entities in the THL income tax consolidated group entered into a tax funding agreement (TFA) effective from 1 July 2008, with amendments executed on 30 June 2020 to cover various administrative changes in tax legislation. Under the TFA the wholly-owned entities fully compensate THL for any current tax payable assumed and are compensated by THL for any current tax receivable and deferred tax assets relating to tax losses. The funding amounts are determined by reference to the amounts recognised in the wholly-owned entities’ financial statements. The amount receivable/payable under the TFA is calculated at the end of the financial year for each wholly-owned entity. THL determines and communicates the amount payable/receivable to each wholly-owned entity along with the method of calculation and any other information deemed necessary. Transurban Queensland income tax consolidated group The entities in the Transurban Queensland Holdings 1 Pty Limited (TQH1) income tax consolidated group entered into a TSA and TFA effective from 2 July 2014. Under the TFA the wholly-owned entities fully compensate TQH1 for any current tax payable assumed and are compensated by TQH1 for any current tax receivable and deferred tax assets relating to tax losses. The funding amounts are determined by reference to the amounts recognised in the wholly-owned entities financial statements. The amount receivable/payable under the TFA is calculated at the end of the financial year for each wholly-owned entity. TQH1 determines and communicates the amount payable/receivable to each wholly-owned entity along with the method of calculation and any other information deemed necessary. Airport Motorway income tax consolidated group The entities in the Airport Motorway Holdings (AMH) income tax consolidated group entered into a TSA and TFA effective from 2 July 2009, with amendments executed on 23 May 2022 to cover various administrative changes in the tax legislation. Under the TFA the wholly-owned entities fully compensate AMH for any current tax payable assumed and are compensated by AMH for any current tax receivable and deferred tax assets relating to tax losses. The funding amounts are determined by reference to the amounts recognised in the wholly-owned entities financial statements. The amount receivable/payable under the TFA is calculated at the end of the financial year for each wholly-owned entity. AMH determines and communicates the amount payable/receivable to each wholly-owned entity along with the method of calculation and any other information deemed necessary. TIL Australia income tax consolidated group The entities in the TIL Australia income tax consolidated group entered into a TSA and TFA effective from 1 July 2018. Under the TFA the wholly-owned entities fully compensate TIL for any current tax payable assumed and are compensated by TIL for any current tax receivable and deferred tax assets relating to tax losses. The funding amounts are determined by reference to the amounts recognised in the wholly-owned entities financial statements. The amount receivable/payable under the TFA is calculated at the end of the financial year for each wholly-owned entity. TIL determines and communicates the amount payable / receivable to each wholly-owned entity along with the method of calculation and any other information deemed necessary. Transurban DRIVe income tax group Transurban DRIVe Holdings LLC (DRIVe) and its 100% owned subsidiaries (which are disregarded from DRIVe for US Federal Income Tax (USFIT) purposes) own membership interests in TC which is classified as a partnership for USFIT purposes. DRIVe includes its respective share of the TC partnerships’ profits or losses in its US income tax return.
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