Treasury Laws Amendment (Combating Multinational Tax Avoidance) Act 2017 (27 of 2017)
Schedule 1 Diverted profits tax
Income Tax Assessment Act 1997
17 After subsection 205-20(3)
(3A) An entity pays diverted profits tax if and only if:
(a) the entity has a liability to pay the *diverted profits tax; and
(i) the entity makes a payment to satisfy the liability (in whole or in part); or
(ii) a credit, or an *RBA surplus, is applied to discharge or reduce the liability.