127-15
CurrentMeaning of Designated Local Entity
Volume 2Schedule 1, Chapter 2, Part 2-10 to Chapter 4, Part 4-25 (sections 45-1 to 298-110)
Schedule 1Collection and recovery of income tax and other liabilities
Chapter 3Collection, recovery and administration of other taxes
Part 3-18Australian IIR/UTPR tax and Australian DMT tax
Division 127General provisions relating to Australian IIR/UTPR tax and Australian DMT tax
Subdivision 127-AReturns
127-15 Meaning of Designated Local Entity
A Designated Local Entity, of an *Applicable MNE Group for a *Fiscal Year, is a *Group Entity of the Applicable MNE Group that:
(a)
is *GloBE located in Australia for the Fiscal Year; and
(b)
has been appointed by every other Group Entity of the Applicable MNE Group that is GloBE located in Australia for the Fiscal Year to give to the Commissioner:
(i)
the *GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year; or
(ii)
a notice mentioned in paragraph 127‑20(2)(b) in respect of the Applicable MNE Group for the Fiscal Year.
This Act’s bill:Second reading speech
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