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Law Companion Guideline

LCG 2015/3A1 - Addendum


Subdivision 815-E of the Income Tax Assessment Act 1997 : Country-by-Country reporting

Go to notice View the consolidated version for this notice.


Addendum

This Addendum amends LCG 2015/3 to remove paragraphs that are incorrect and, where appropriate, replaced with corrected information.

LCG 2015/3 is amended as follows:

1. Paragraph 7

Omit the paragraph; substitute:

7. If global financial statements have not been prepared for the global parent entity, the Commissioner may make a determination, based on information available, that the annual global income of the entity would have been A$1 billion or more for the period. A written notice of the determination will be given to the global parent entity, or to another entity that becomes an SGE as a result of this determination.

2. Paragraph 20

Omit the paragraph.

This Addendum applies on and from 1 January 2016.

Commissioner of Taxation

31 October 2017

© AUSTRALIAN TAXATION OFFICE FOR THE COMMONWEALTH OF AUSTRALIA

You are free to copy, adapt, modify, transmit and distribute this material as you wish (but not in any way that suggests the ATO or the Commonwealth endorses you or any of your services or products).

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