Taxation Administration Act 1953

In applying Division 155 in relation to an amount of *Australian IIR/UTPR tax or *Australian DMT tax, apply the provisions of that Division with the modification set out in subsection (2) of this section.

Despite subsection 155‑35(2), the period of review, for an assessment of an amount of *Australian IIR/UTPR tax for a *Fiscal Year, is:

the period of 4 years starting on the later of:

the day on which the *GloBE Information Return for the relevant *Applicable MNE Group for the Fiscal Year is given to the Commissioner; and

the day on which the *Australian IIR/UTPR tax return for the relevant *Group Entity for the Fiscal Year is given to the Commissioner; or

if the period of review is extended under subsection 155‑35(3) or (4)—the period as so extended.

Despite subsection 155‑35(2), the period of review, for an assessment of an amount of *Australian DMT tax for a *Fiscal Year, is:

the period of 4 years starting on the later of:

the day on which the *GloBE Information Return for the relevant *Applicable MNE Group for the Fiscal Year is given to the Commissioner; and

the day on which the *Australian DMT tax return for the relevant *Group Entity for the Fiscal Year is given to the Commissioner; or

if the period of review is extended under subsection 155‑35(3) or (4)—the period as so extended.