Taxation (Multinational - Global and Domestic Minimum Tax) Amendment (2025 Measures No. 1) Rules 2025 (F2025L01550)

Schedule 1   Amendments

Taxation (Multinational - Global and Domestic Minimum Tax) Rules 2024

11   At the end of section 7-130

Add:

(5) If the Constituent Entity-owner mentioned in paragraph (1)(b) is a regulated mutual insurance company, paragraphs (2)(a) and (b) are taken to be satisfied in relation to the Constituent Entity-owner for the Fiscal Year.

(6) A regulated mutual insurance company is an insurance company that is:

(a) wholly owned by its policyholders; and

(b) regulated by a regulatory authority in the jurisdiction in which it is located.