128-35
CurrentJoint and several liability does not extend to GloBE Securitisation Entities
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 128Extended application of tax laws relating to Australian IIR/UTPR tax and Australian DMT tax
Subdivision 128-CMiscellaneous
128-35 Joint and several liability does not extend to GloBE Securitisation Entities
(1)
For the purposes of paragraph 128‑5(1)(b), treat a *Group Entity that is a *GloBE Securitisation Entity as being a Group Entity excluded by subsection 128‑5(2).
(2)
For the purposes of subsection 128‑10(2), treat a *Group Entity that is a *GloBE Securitisation Entity as being an Entity excluded by subsection 128‑10(3).
This Act’s bill:Second reading speech
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