Taxation Administration Act 1953

A *Group Entity of an *Applicable MNE Group for a *Fiscal Year must give the Commissioner a *GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year if the Group Entity is *GloBE located in Australia for the Fiscal Year.

The Group Entity is required to give the Commissioner a GloBE Information Return even if the amount of Australian IIR/UTPR tax and Australian DMT tax the Group Entity is liable to pay in relation to the Fiscal Year is nil.

The *GloBE Information Return given under subsection (1) must:

be *lodged electronically; and

be in the *approved form.

A GloBE Information Return, in respect of an *Applicable MNE Group for a *Fiscal Year, is a return that:

if a determination under subsection (4) specifies requirements—is in accordance with those requirements; and

if paragraph (a) does not apply—is in accordance with the standardised return developed in accordance with the *GloBE Implementation Framework, as amended from time to time; and

contains the following information concerning the Applicable MNE Group:

identification of the *Constituent Entities of the Applicable MNE Group, including the jurisdiction in which they are *GloBE located for the Fiscal Year and their status under the *GloBE Rules;

information on the overall corporate structure of the Applicable MNE group in the Fiscal Year;

information relevant to the determination of Effective Tax Rates (within the meaning of the GloBE Rules), Top‑up Tax (within the meaning of the GloBE Rules) and allocation of Top‑up Tax for the Fiscal Year;

elections made, for the Fiscal Year, in accordance with the relevant provisions of the GloBE Rules;

other information that is agreed as part of the GloBE Implementation Framework and is necessary to carry out the administration of the GloBE Rules.

For the purposes of paragraph (3)(a), the Commissioner may, by legislative instrument, make a determination specifying requirements for a return.