Taxation Administration Act 1953

SCHEDULE 1 - COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES  

Note: See section 3AA .

Chapter 3 - Collection, recovery and administration of other taxes  

PART 3-18 - AUSTRALIAN IIR/UTPR TAX AND AUSTRALIAN DMT TAX  

Division 127 - General provisions relating to Australian IIR/UTPR tax and Australian DMT tax  

Subdivision 127-A - Returns  

GloBE Information Returns

SECTION 127-30   GloBE INFORMATION RETURNS GIVEN TO FOREIGN GOVERNMENT AGENCIES - NOTIFICATION REQUIREMENT  

127-30(1)    
For the purposes of paragraph 127-20(2)(b) , the notice mentioned in that paragraph:

(a)    must be given to the Commissioner no later than the time specified in section 127-60 in relation to the * Fiscal Year; and

(b)    must state:

(i) the identity of the * GloBE Ultimate Parent Entity or * Designated Filing Entity that gives the * GloBE Information Return to the * foreign government agency; and

(ii) the jurisdiction in which that GloBE Ultimate Parent Entity or Designated Filing Entity is * GloBE located; and

(c)    must be in the * approved form; and

(d)    must be * lodged electronically.

127-30(2)    
Subsection (3) applies if a * Designated Local Entity of the * Applicable MNE Group gives the notice mentioned in subsection (1) in accordance with that subsection.

127-30(3)    
Each other * Group Entity of the * Applicable MNE Group that is * GloBE located in Australia for the * Fiscal year is taken to give the notice to the Commissioner at the time the * Designated Local Entity gives the notice to the Commissioner.