Treasury Laws Amendment (Combating Multinational Tax Avoidance) Bill 2017

Diverted Profits Tax Bill 2017

Revised Explanatory Memorandum

(Circulated by authority of the Treasurer, the Hon Scott Morrison MP)
This explanatory memorandum takes account of amendments made by the House of Representatives to the Bill as introduced.


The following abbreviations and acronyms are used throughout this explanatory memorandum.

Abbreviation Definition
2015 Act Tax Laws Amendment (Combating Multinational Tax Avoidance) Act 2015
2015 OECD Report Aligning Transfer Pricing Outcomes with Value Creation, Actions 8-10 - 2015 Final Reports
ASIC Australian Securities and Investments Commission
ATO Australian Taxation Office
BEPS Base Erosion and Profit Shifting
CbC Country-by-Country
Commissioner Commissioner of Taxation
DPT Diverted profits tax
FTL failure to lodge on time
GST goods and services tax
ITAA 1936 Income Tax Assessment Act 1936
ITAA 1997 Income Tax Assessment Act 1997
OECD Organisation for Economic Co-operation and Development
TAA 1953 Taxation Administration Act 1953

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