Treasury Laws Amendment (Multinational - Global and Domestic Minimum Tax) (Consequential) Act 2024 (134 of 2024)

Schedule 1   Amendments

Income Tax Assessment Act 1997

29   Subsection 995-1(1)

Insert:

Qualified Domestic Minimum Top-up Tax :

(a) means Qualified Domestic Minimum Top-up Tax (within the meaning of the *Minimum Tax Rules); or

(b) if the expression Qualified Domestic Minimum Top-up Tax is not used in the Minimum Tax Rules - has the meaning given by the regulations.

Qualifying Competent Authority Agreement has the meaning given by subsection 127-20(3) in Schedule 1 to the Taxation Administration Act 1953.

receives a refund of Australian DMT tax has the meaning given by subsection 205-35(1B).