Gestalt factors of collinearity and similarity facilitate two fundamental perceptual tasks: grouping elements into figures and segmentation of figures from the ground. We have used a global-local paradigm to examine the psychophysical and neural correlates of these processes in humans: observers discriminated between orientations of either a three-Gabor group (grouping), or of a central Gabor within the group (segmentation). Groups were centered on a background of differently oriented Gabors. In both tasks, accuracy was increased by the collinearity (Experiment 1) and similarity (Experiment 2) of elements within the three-Gabor group. ERP correlates of facilitation differed across tasks. For segmentation, they were indexed by increased amplitude of negative ERP components, specific for processing textures, peaking at 75-250 and 150-250 ms, respectively. For grouping, collinearity and similarity had different effects. Collinearity produced a positive polarity deflection between 40 and 179 ms (i.e. the opposite to segmentation). This task-dependent switch in sign of polarity change, without corresponding changes in the stimulus or perception, reflects distinct neural mechanisms for collinear facilitation in grouping and segmentation. In contrast, similarity reduced positivity at 275 ms. Results show similar modulation of segmentation components via the distinct mechanism underlying collinearity and similarity, but distinct modulation of grouping components via collinearity and similarity.