Taxation Administration Act 1953
SCHEDULE 1
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COLLECTION AND RECOVERY OF INCOME TAX AND OTHER LIABILITIES
PART 3-18
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AUSTRALIAN IIR/UTPR TAX AND AUSTRALIAN DMT TAX
Division 127
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General provisions relating to Australian IIR/UTPR tax and Australian DMT tax
Subdivision 127-A
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Returns
Australian IIR/UTPR tax returns
SECTION 127-40 AUSTRALIAN IIR/UTPR TAX RETURNS GIVEN BY DESIGNATED LOCAL ENTITIES 127-40(1)
This section applies if: (a) a * Designated Local Entity of an * Applicable MNE Group for a * Fiscal Year has been appointed, by each * Group Entity of the Applicable MNE Group that is required to give the Commissioner an * Australian IIR/UTPR tax return for the Fiscal Year, to give an Australian IIR/UTPR tax return for the Fiscal Year to the Commissioner on behalf of the Group Entity; and (b) the Designated Local Entity gives an Australian IIR/UTPR tax return for the Fiscal Year to the Commissioner on behalf of those Group Entities in accordance with subsection 127-35(3) .
127-40(2)
Each of those * Group Entities is taken to give the * Australian IIR/UTPR tax return to the Commissioner at the time at which the * Designated Local Entity gives the Australian IIR/UTPR tax return to the Commissioner.
View history note
Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSECTION 127-40 AUSTRALIAN IIR/UTPR TAX RETURNS GIVEN BY DESIGNATED LOCAL ENTITIES 127-40(1)
This section applies if: (a) a * Designated Local Entity of an * Applicable MNE Group for a * Fiscal Year has been appointed, by each * Group Entity of the Applicable MNE Group that is required to give the Commissioner an * Australian IIR/UTPR tax return for the Fiscal Year, to give an Australian IIR/UTPR tax return for the Fiscal Year to the Commissioner on behalf of the Group Entity; and (b) the Designated Local Entity gives an Australian IIR/UTPR tax return for the Fiscal Year to the Commissioner on behalf of those Group Entities in accordance with subsection 127-35(3) .
127-40(2)
Each of those * Group Entities is taken to give the * Australian IIR/UTPR tax return to the Commissioner at the time at which the * Designated Local Entity gives the Australian IIR/UTPR tax return to the Commissioner.
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