A corporate tax entity that is a country-by-country reporting entity (CBC reporting entity) with an Australian presence must give us a general purpose financial statement (GPFS). They don't have to provide a GPFS if one has already been lodged with the Australian Securities and Investments Commission (ASIC).
For income years starting on or after 1 July 2016 but before 1 July 2019, this lodgment obligation applies to corporate tax entities that are also significant global entities (SGEs).
Note: All legislative references in this document are to the Taxation Administration Act 1953 unless otherwise stated.
For more information see: