Taxation Administration Act 1953
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Hide history noteNote: See section 3AA .
Chapter 3 - Collection, recovery and administration of other taxesSubsection (2) applies if an amount is payable under the * Minimum Tax law by any of the following: (a) a * GloBE Joint Venture of an * Applicable MNE Group; (b) a * GloBE JV Subsidiary of a GloBE Joint Venture of an Applicable MNE Group.
128-10(2)
Each of the following Entities (other than an Entity excluded by subsection (3) ) is jointly and severally liable to pay the amount: (a) the * GloBE Joint Venture; (b) a * GloBE JV Subsidiary of the GloBE Joint Venture; (c) a * Group Entity of the * Applicable MNE Group that holds a Direct Ownership Interest (within the meaning of the * Minimum Tax Act) in the GloBE Joint Venture.
128-10(3)
For the purposes of subsection (2) , an Entity is excluded by this subsection if it is, at the time the amount becomes due and payable, prohibited according to the effect of an * Australian law from entering into any arrangement under which the Entity becomes subject to a liability referred to in subsection (2) .
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