Law Companion Guideline
LCG 2015/3A1 - Addendum
Subdivision 815-E of the Income Tax Assessment Act 1997 : Country-by-Country reporting
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
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