Income Tax Assessment Act 1997
CHAPTER 4 - INTERNATIONAL ASPECTS OF INCOME TAX
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View history noteChapter 4 inserted by No 162 of 2001.
Part 4-5 inserted by No 162 of 2001.
Division 815 - Cross-border transfer pricing
Div 815 inserted by No 115 of 2012, s 3 and Sch 1 item 6, effective 8 September 2012.
Subdivision 815-E - Reporting obligations for country by country reporting entities
Subdiv 815-E heading substituted by No 49 of 2020, s 3 and Sch 1 item 1, effective 1 July 2020. No 49 of 2020, s 3 and Sch 1 item 21 contains the following application provision:
21 Application
(1)
The amendments made apply in relation to income years or other periods starting on or after 1 July 2019.
(2)
To avoid doubt, the amendments made apply for the purposes of working out whether an entity was a CBC reporting entity for a period as mentioned in paragraph 815-355(1)(a) of the Income Tax Assessment Act 1997 (as amended), even if that period started before 1 July 2019.
(3)
Subitem (4) applies if:
(a) an entity is a significant global entity for an income year or other period that starts:
(i) on or after 1 July 2019; and
(ii) before 1 July 2020; and
(b) disregarding the amendments made, the entity would not be a significant global entity for that income year or other period.
(4)
For the purposes of Divisions 284 and 286 in Schedule 1 to the Taxation Administration Act 1953 , treat the entity as not being a significant global entity for that income year or other period.
The heading formerly read:
Subdivision 815-E - Reporting obligations for significant global entities
Subdiv 815-E inserted by No 170 of 2015, s 3 and Sch 4 item 1, applicable in relation to income years starting on or after 1 January 2016.
Operative provisions
SECTION 815-360 Replacement reporting periods
815-360(1)
The Commissioner may, by notice in writing, allow you to give all statements, or specified kinds of statements, under section
815-355
in relation to a 12 month period other than an income year.
815-360(2)
A notice under subsection (1) is not a legislative instrument.
S 815-360 inserted by No 170 of 2015, s 3 and Sch 4 item 1, applicable in relation to income years starting on or after 1 January 2016.
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