House of Representatives
Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015
Explanatory Memorandum
(Circulated by the authority of the Treasurer, the Hon J. B. Hockey MP)Index
Schedule 1: Significant global entities
| Bill reference | Paragraph number |
| Item 1, subsections 960-50(7A) and (7B) | 2.18 |
| Item 1, subsection 960-50(7C) | 2.19 |
| Item 2, subsection 960-50(9) | 2.18 |
| Item 3, section 960-555 of the ITAA 1997 | 5.13 |
| Item 3, subsection 960-555(1) | 2.11 |
| Item 3, subsection 960-555(2) | 2.12 |
| Item 3, subsection 960-555(3) | 2.20, 2.22 |
| Item 3, subsection 960-555(4) | 2.24 |
| Item 3, subsection 960-555(5) of the Taxation Administration Act 1953 | 2.25 |
| Item 3, subsection 960-555(6) | 2.23 |
| Item 3, subsection 960-555(7) | 2.28 |
| Item 3, section 960-560 | 2.13 |
| Item 3, paragraph 960-565(a) | 2.15 |
| Item 3, paragraph 960-565(b) | 2.16 |
| Item 3, section 960-570 | 2.31 |
| Item 3, subparagraph 960-570(a)(i) | 2.32 |
| Item 3, subparagraph 960-570(a)(ii) | 2.33 |
| Item 3, paragraph 960-570(b) | 2.34, 2.35 |
| Item 4, subsection 995-1(1) | 2.36 |
| Item 5, section 14ZVA of the Taxation Administration Act 1953 | 2.25 |
Schedule 2: Schemes that limit a taxable presence in Australia
| Bill reference | Paragraph number |
| Item 1, subsection 177A(1) - 'Australian customer' | 3.23 |
| Item 1, subsection 177A(1) - 'Australian entity' | 3.25 |
| Item 1, subsection 177A(1) - 'foreign entity' | 3.31 |
| Item 1, subsection 177A(1) - 'entity' | 3.32 |
| Item 1, subsection 177A(1) - 'supply' | 3.34, 3.35 |
| Item 1, subsection 177A(1) - 'Australian permanent establishment' | 3.50 |
| Item 1, subsection 177A(1) - 'significant global entity' | 3.18 |
| Items 2, 5 and 6 | 3.117 |
| Item 3, subsection 177CB(5) | 3.97 |
| Item 4, subsection 177DA(1) | 3.85 |
| Item 4, subparagraph 177DA(1)(a)(iii) | 3.21, 3.41, 3.42 |
| Item 4, subparagraph 177DA(1)(a)(iv)) | 3.21, 3.46 |
| Item 4, subparagraph 177DA(1)(a)(v) | 3.21, 3.48 |
| Item 4, paragraph 177DA(1)(b) | 3.51, 3.61, 3.64 |
| Item 4, subsection 177DA(2) | 3.53, 3.67 |
| Item 4, paragraph 177DA(2)(a) | 3.69 |
| Item 4, paragraph 177DA(2)(b) | 3.74 |
| Item 4, paragraphs 177DA(2)(b) and (c) | 3.72 |
| Item 4, paragraph 177DA(2)(c) | 3.80 |
| Item 4, subparagraph 177DA(1)(a)(i) | 3.21, 3.22 |
| Item 4, subparagraph 177DA(1)(a)(ii) | 3.21, 3.38 |
| Item 4, paragraph 177DA(1)(c) | 3.17 |
| Item 4, subsection 177DA(3) | 3.65 |
| Item 4, subsection 177DA(5) | 3.84 |
| Item 7 | 3.118, 3.119 |
Schedule 3: Scheme penalties for significant global entities
| Bill reference | Paragraph number |
| Item 1, subsection 284-155(3) | 4.8 |
| Item 1, paragraph 284-155(3)(a) | 4.9 |
| Item 1, paragraph 284-155(3)(b) | 4.11 |
| Item 2 | 4.17 |
Schedule 4: Country-by-country reporting
| Bill reference | Paragraph number |
| Item 1, section 815-350 of the ITAA 1997 | 5.38 |
| Item 1, subsection 815-355(1) of the ITAA 1997 | 5.27 |
| Item 1, paragraph 815-355(1)(d) of the ITAA 1997 | 5.22 |
| Item 1, subsections 815-355(1) and (2) of the ITAA 1997 | 5.13 |
| Item 1, subsections 815-355(2) and 815-360(1) of the ITAA 1997 | 5.30 |
| Item 1, subsection 815-355(3) of the ITAA 1997 | 5.23 |
| Item 1, subsection 815-360(1) of the ITAA 1997 | 5.15 |
| Item 1, subsection 815-360(2) of the ITAA 1997 | 5.16 |
| Item 1, subsections 815-365(1) and (2) of the ITAA 1997 | 5.17 |
| Item 1, subsection 815-365(3) of the ITAA 1997 | 5.18 |
| Item 2 | 5.39 |