Taxation Administration Act 1953

This section applies if, in relation to an *Applicable MNE Group, any of the following has an *Australian DMT tax amount for a Fiscal Year (including a nil amount):

a *GloBE Joint Venture of the Applicable MNE Group;

a *GloBE JV Subsidiary of a GloBE Joint Venture of the *Applicable MNE Group.

In addition to the application that they have under this subsection, sections 127‑45 and 127‑50 apply, for the Fiscal Year, in relation to the *GloBE Joint Venture or the *GloBE JV Subsidiary in the same way they apply in relation to a *Group Entity of an Applicable MNE Group.

For the purposes of subsection (2), treat:

the *GloBE Joint Venture and its *GloBE JV Subsidiaries as *Group Entities of a separate *Applicable MNE Group for the *Fiscal Year; and

the GloBE Joint Venture as the *GloBE Ultimate Parent Entity of that separate Applicable MNE Group.

Subsection (5) applies if:

a *Designated Local Entity of the *Applicable MNE Group mentioned in subsection (1) for a *Fiscal Year has been appointed, by each Entity mentioned in paragraphs (1)(a) and (b) that is required to give the Commissioner an *Australian DMT tax return for the Fiscal Year (each of which is a reporting Entity), to give an Australian DMT tax return for the Fiscal Year to the Commissioner on behalf of the reporting Entity; and

the Designated Local Entity gives an Australian DMT tax return for the Fiscal Year to the Commissioner on behalf of those reporting Entities in accordance with subsection 127‑45(3).

Each of the reporting Entities is taken to give the *Australian DMT tax return to the Commissioner at the time at which the *Designated Local Entity gives the Australian DMT tax return to the Commissioner.

However, subsection (5) does not apply to the reporting Entities if any reporting Entity appoints more than one *Designated Local Entity under paragraph (4)(a) for the Fiscal Year.

In these circumstances, section 127‑50 may still apply.