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  • Additional information

    Final tax return

    Answer Yes or No as appropriate.

    If you do not expect to lodge further AMIT tax returns, enter 'Final trust tax return' in the Additional Information field and explain:

    • the reason that further tax returns will not be lodged, and
    • the manner of disposal of any assets of the AMIT, if not disclosed elsewhere on the tax return.

    Significant global entity

    .

    Complete this item if the entity was a significant global entity (SGE) for the income year.

    An entity is an SGE if it is:

    • a global parent entity with an annual global income of A$1 billion or more
    • a member of a group of entities consolidated for accounting purposes, and one of the other group members is a global parent entity with an annual global income of A$1 billion or more
    • a member of a notional listed company group, and one of the other group members is a global parent entity with an annual global income of A$1 billion or more.

    A notional listed company group is a group of entities that would be required to be consolidated as a single group for accounting purposes if a member of that group was a listed company. Disregard all exceptions in accounting principles that may permit an entity not to consolidate with other entities.

    An entity is also a SGE if it, or any other member of the actual or notional accounting consolidated group of which the entity is a member, has been given a notice by the Commissioner determining that its global parent entity would have an annual global income of A$1 billion or more for any period during the income year.

    For more information, see Significant global entities.

    Country by country (CBC) reporting entity

    Complete this item if you were a CBC reporting entity for the income year.

    An entity is a CBC reporting entity if it is:

    • a CBC reporting parent
    • a member of a CBC reporting group, and one of the other group members is a CBC reporting parent with an annual global income of A$1 billion or more.

    A CBC reporting group may be a group that is consolidated for accounting purposes as:

    • a single group, or
    • a notional listed company group.

    A notional listed company group is a group of entities that would be required to be consolidated as a single group for accounting purposes if a member of that group were a listed company.

    When determining whether an entity is a CBC reporting entity, apply the investment entity exception in the accounting principles, that is, unlike the SGE definition, the exception to consolidation in the accounting principles related to investment entities is not disregarded.

    An entity has CBC reporting obligations if it was a CBC reporting entity for the preceding income year.

    For more information, see Country-by-country reporting.

      Last modified: 15 Feb 2022QC 64883