you use the part of your area for the *purpose of producing assessable income; and

(b) that part is, or is part of, an *active build to rent development area (the eligible development); and

if the *build to rent compliance period for each of the *dwellings in the eligible development has ended:

no other entity is using the eligible development, or any part of the eligible development, for the purpose of producing assessable income; and

at each earlier time (if any) at which you or another entity used the eligible development, or any part of the eligible development, for the purpose of producing assessable income and at which the eligible development was an *active build to rent development, no other entity was using the eligible development, or any part of the eligible development, for the purpose of producing assessable income.

the *dwellings of an *active build to rent development;

any *common areas for those dwellings.

*commenced to be an active build to rent development (see subsections 43-152(1) and (2)); and

not *ceased to be an active build to rent development (see subsection 43-152(4)).

intended for use for the purposes of those dwellings; or

intended for use for the purposes of those dwellings and any other dwellings in the same building.

that satisfy subsection 43-153(1); and

that the owner of the dwellings chooses to form a *build to rent development in accordance with subsection (6) of this section;

after the most recent instance of a *build to rent development of a building *commencing to be an *active build to rent development; and

on which the building has 50 or more *dwellings:

that satisfy subsection 43-153(1); and

that were not part of a build to rent development just before that day; and

that the owner of the dwellings chooses to form a build to rent development in accordance with subsection (6) of this section;

that taken together with the dwellings of the existing development for which the *build to rent compliance period has not ended, satisfy subsection 43-153(1); and

that are not already a part of a build to rent development; and

that the owner of the dwellings chooses to form part of the existing development in accordance with subsection (6) of this section;

the dwellings of the existing development; and

the new dwellings.

unless paragraph (b) applies—the development *commences to be an active build to rent development; or

if:

the dwelling is not part of the development when it commences to be an active build to rent development; but

the development *expands to include the dwelling;

make the choice in the *approved form; and

give it to the Commissioner.

if:

the owner nominates a day in the choice; and

the Commissioner receives the choice before the nominated day;

otherwise—the day the Commissioner receives the choice.

each of the dwellings is:

available to the public to be tenanted by way of lease for a period of 5 years or more in accordance with any requirements determined under subsection (1A); or

being tenanted by way of lease as a result of being made available to the public to be tenanted by way of lease for a period of 5 years or more in accordance with any requirements determined under subsection (1A); and

all of the dwellings are:

*residential premises; and

*taxable Australian real property; and

not *commercial residential premises; and

all of the dwellings and *common areas for the dwellings are owned by a single entity; and

the number of the dwellings that are *affordable dwellings is equal to or greater than:

10% of the number of the dwellings; or

if the number of dwellings worked out under subparagraph (i) is not a whole number—that number rounded down to the nearest whole number of dwellings; and

subsection (5) applies to each of the affordable dwellings.

the rent payable under the lease for the dwelling; or

the income of the tenant or prospective tenant.

the dwelling is an *affordable dwelling; and

requirements determined under subsection (3) require that the dwelling be tenanted, or be available to be tenanted, only to that segment of the public.

are *affordable dwellings; and

have the same number of bedrooms as the test dwelling; and

have a floor area that is at least equal to the floor area of the test dwelling, but does not exceed 110% of that floor area.

are not *affordable dwellings; and

have the same number of bedrooms as the test dwelling; and

have a floor area that is at least equal to the floor area of the test dwelling, but does not exceed 110% of that floor area.

one or more of the dwellings is not tenanted, and not available to be tenanted, at that time as mentioned in paragraph (1)(a) because of:

construction of an extension, alteration or improvement to any of the dwellings or the building; or

the making of repairs to any of the dwellings or the building; and

the dwellings satisfied subsection (1) just before paragraph (a) of this subsection began to apply; and

it is reasonable to expect that the dwellings will satisfy subsection (1) when the construction or repairs are completed.

the entity that owns the dwellings applies to the Commissioner in the *approved form; and

the Commissioner is satisfied of the following:

the dwellings did not otherwise satisfy the eligibility criteria at all times during the period due to events outside the control of the entity;

the entity took all reasonable steps to ensure that the dwellings would satisfy the eligibility criteria as soon as practicable;

at the time of the determination, the dwellings satisfy the eligibility criteria;

at the time of the determination, the entity intends that each dwelling will satisfy subsection (1) for the remainder of its *build to rent compliance period.

the development *commences to be an *active build to rent development;

the development *expands;

the *ownership interest in the development is acquired by another entity;

the development *ceases to be an active build to rent development.

in the *approved form; and

given no later than 28 days after the event.

the owner of the development at the time just before the event happens;

(b) if in the income year in which the event happens, an entity is required to notify the Commissioner under subsection 16-150(4) in Schedule 1 to the Taxation Administration Act 1953 of an amount to which subsection 12-450(5) in that Schedule applies, to any extent, because of a *dwelling of the development—the entity;

if the event is the event mentioned in paragraph (1)(c) of this section—the entity that acquires the *ownership interest in the development.

a part of *your area was an *active build to rent development area; and

(b) on a day (the cessation day) in the income year or a prior income year, the *active build to rent development of the active build to rent development area *ceases to be an active build to rent development.

before the cessation day; and

that the part was an *active build to rent development;

the amount that is the sum of your *build to rent capital works deduction amounts, worked out under section 44-25, for each *build to rent development to which subsection (3) of this section applies for the income year (if any); and

the amount that is 10 times the sum of your *build to rent withholding amounts, worked out under section 44-30, for each build to rent development to which subsection (3) of this section applies for the income year (if any).

the build to rent development *ceases to be an *active build to rent development during the income year; and

you owned the *dwellings of the build to rent development immediately before that cessation.

identify each *construction expenditure area of capital works that are or include the *active build to rent development area of the *build to rent development at any time during the year; and

calculate the amount worked out by the following formula for each construction expenditure area:

any entity owned or was the lessee of the *active build to rent part and used it in the *4% build to rent manner; or

any entity was the holder of the active build to rent part under a *quasi ownership right over land granted by an *exempt Australian government agency or an *exempt foreign government agency, and used it in the 4% build to rent manner.

part of the income from the active build to rent part is exempt income; or

part of the active build to rent part was not used for the purpose of producing assessable income or was not available for that use; or

the active build to rent part was not used for such a purpose during a part of the days used period.

(a) if *you are a company (other than a company in the capacity of a trustee)—the *corporate tax rate for the income year in which the *build to rent development *ceases to be an *active build to rent development (the cessation year); or

(b) in any other case—the maximum rate specified in the table in Income Tax Rates Act 1986 for the cessation year.Part I of Schedule 7 to the

a payment of rental income under a lease of a *dwelling of the active build to rent development;

a *capital gain from a *CGT event in relation to a dwelling of the active build to rent development.

begins on the day on which the amount was due to be paid; and

ends on the last day on which, at the end of the day, any of the following remains unpaid:

the assessed build to rent development misuse tax;

general interest charge on any of the assessed build to rent development misuse tax.

must specify the extent (if any) to which the payment is, or is attributable to, an amount that would be non-concessional MIT income only if subsection 12-450(5) were disregarded; and

must specify the extent (if any) to which the payment is, or is attributable to, an amount that would be non-concessional MIT income only if subsection 12-450(5) were disregarded; and

the amount is, or is referable to, a payment of rental income under a lease of the dwelling;

the amount is, or is attributable to, a *capital gain from a *CGT event in relation to the dwelling;

all of the following subparagraphs apply:

the amount is, or is attributable to, a part of a capital gain from a CGT event in relation to a *membership interest in an entity;

just before the time of the CGT event, all or part of the *market value of the membership interest is referable to the dwelling;

subsection (6) applies to the part of the capital gain.

the *build to rent compliance period for each of the *dwellings of the *active build to rent development has ended; and

assuming that the build to rent compliance period for each of the dwellings had not ended, the active build to rent development would have *ceased to be an active build to rent development.

an entity must pay an amount (even if it is a nil amount) to the Commissioner under subsection 16-70(1) (about amounts withheld under Division 12); and

subsection 12-450(5) (about income from a build to rent development) applies to the amount;

on or before the day provided in a determination under subsection (5) of this section; or

if there is no such determination—on or before the day on which the amount is due to be paid (regardless of whether it is paid).

*build to rent development misuse tax;

that is referable to a payment of rental income made on or after 1 July 2024; or

that is, or is attributable, to a capital gain, or part of a capital gain, from a CGT event that happens on or after 1 July 2024.

(a) the credit provider, or the debtor, under the buy now pay later contract is a constitutional corporation; and

this Code would, apart from this section, apply to the provision of credit under the buy now pay later contract (and to the buy now pay later contract and related matters) if the following were disregarded:

paragraph 5(1)(c) (which requires charges to be made for the provision of credit);

subsection 6(1) (which excludes the provision of certain kinds of short term credit);

subsection 6(5) (which excludes the provision of credit for which only account charges are payable).

this Code applies in relation to all transactions or acts under the contract whether or not they take place in this jurisdiction; and

this Code continues to apply even if the credit provider ceases to carry on a business in this jurisdiction.

the credit provider, or the debtor, under the low cost credit contract is a constitutional corporation; and

this Code would, apart from this section, apply to the provision of credit under the low cost credit contract (and to the low cost credit contract and related matters) if the following were disregarded:

paragraph 5(1)(c) (which requires charges to be made for the provision of credit);

subsection 6(1) (which excludes the provision of certain kinds of short term credit);

subsection 6(5) (which excludes the provision of credit for which only account charges are payable);

subsection 6(13) (which allows the regulations to exclude a provision of credit) and any exclusions made under that subsection;

subsections 6(14) and (17) (which allow ASIC to exclude a provision of credit) and any exclusions made under those subsections.

this Code applies in relation to all transactions or acts under the contract whether or not they take place in this jurisdiction; and

this Code continues to apply even if the credit provider ceases to carry on a business in this jurisdiction.

(a) under which a person (the merchant) supplies goods or services to a consumer (within the meaning of the National Credit Act); and

(b) under which a third person (the BNPL provider) directly or indirectly pays the merchant an amount that is some or all of the price for the supply mentioned in paragraph (a); and

that includes a contract between the BNPL provider and the consumer under which the BNPL provider provides credit to the consumer in connection with the supply mentioned in paragraph (a).

it does not matter whether any fees or charges are payable by the consumer or the merchant in connection with the arrangement or series of arrangements; and

it does not matter whether the payment by the BNPL provider mentioned in paragraph (1)(b) occurs before, at or after the time when the goods or services are supplied by the merchant to the consumer as mentioned in paragraph (1)(a); and

it does not matter whether the contract mentioned in paragraph (1)(c) is a continuing credit contract; and

(d) it is not necessary for the arrangement or series of arrangements to include any contract to which the merchant, the consumer and the BNPL provider are all parties.

it is part of a buy now pay later arrangement; and

it is a contract of the kind mentioned in paragraph (1)(c).

credit is, or may be, provided under the contract; and

the contract is:

a buy now pay later contract; or

a contract prescribed by the regulations for the purposes of this subparagraph; and

the period during which credit is, or may be, provided under the contract is no longer than the period (if any) prescribed by the regulations for the purposes of this paragraph; and

the contract satisfies any requirements prescribed by the regulations for the purposes of this paragraph that relate to fees or charges that are, or may be, payable under the contract; and

the contract satisfies any other requirements prescribed by the regulations for the purposes of this paragraph.

(a) include a charge referred to in paragraph (a) of the definition of credit fees and charges in subsection 204(1); and

do not include a fee, charge, duty or expense referred to in paragraph (b), (c) or (d) of that definition.

on and after the delayed commencement time (see subitem (5)); and

in relation to contracts entered into before, on or after the commencement of this Part.

Divisions 2, 3, 4 and 6 of Part 2-2 of the Credit Act (which are about licensing of persons who engage in credit activities); and

Part 2-3 of the Credit Act (which is about credit representatives).

(a) before the delayed commencement time, a person (the applicant) lodges an application in the approved form for:

a licence authorising the applicant to engage in a covered credit activity (see subitem (5)); or

ASIC to vary the conditions on the applicant’s licence by authorising the applicant to engage in a covered credit activity; and

immediately before the delayed commencement time, the application has not been withdrawn by the applicant or dealt with by ASIC; and

(c) the applicant is a member of the AFCA scheme at all times in the period (the transition period) that:

starts at the delayed commencement time; and

ends when the application is withdrawn by the applicant, or dealt with by ASIC, whichever happens first.

the applicant;

a person who:

is an employee or a director of the applicant, or of a related body corporate of the applicant; and

is acting on behalf of the applicant and within the authority of the applicant;

a person who:

the applicant intends to authorise under section 64 of the Credit Act to engage in the covered credit activity on behalf of the applicant, if the applicant becomes licensed to engage in the covered credit activity; and

could, after the delayed commencement time, be validly so authorised under section 64 of the Credit Act (as amended by this Act); and

is authorised in writing by the applicant to act on behalf of the applicant and is acting within that authority;

(d) if there is a person covered by paragraph (c) of this subitem (a prospective credit representative) in relation to the applicant—another person who:

the prospective credit representative intends to authorise under section 65 of the Credit Act to engage in the covered credit activity on behalf of the applicant, if the applicant becomes licensed to engage in the covered credit activity and the prospective credit representative becomes a credit representative of the applicant in relation to the covered credit activity; and

could, after the delayed commencement time, be validly so authorised under section 65 of the Credit Act (as amended by this Act); and

with the written consent of the applicant, is authorised in writing by the prospective credit representative to act on behalf of the applicant and is acting within that authority.

to assess whether a low cost credit contract will be unsuitable for a consumer before doing particular things in relation to the contract; and

not to enter, or increase the credit limit of, a low cost credit contract that is unsuitable for a consumer.

all low cost credit contracts; or

each low cost credit contract in a specified class of low cost credit contracts.

applies to a licensee if the licensee has made an election under subsection (1) and the election is in force; and

applies to such a licensee in relation to a credit contract if the credit contract is a low cost credit contract covered by the election.

starting at the time when licensee makes the election; and

ending 6 years after the day on which the election ceases to be in force.

paragraphs 128(aa) and (ba) are to be disregarded; and

the period for making the assessment mentioned in paragraph 128(c), and the inquiries and verification mentioned in paragraph 128(d), is taken to be the period of 90 days (or other period prescribed by the regulations for the purposes of this paragraph) ending immediately before the licensee starts to do the thing mentioned in paragraph 128(a) or (b) (whichever applies).

enters a low cost credit contract with a consumer who will be the debtor under the contract; or

increases the credit limit of a low cost credit contract with a consumer who is the debtor under the contract.

made reasonable inquiries about the consumer’s requirements and objectives in relation to the low cost credit contract, as required under paragraph 130(1)(a); and

made reasonable inquiries about the consumer’s financial situation, as required under paragraph 130(1)(b); and

taken reasonable steps to verify the consumer’s financial situation, as required under paragraph 130(1)(c);

the nature of the low cost credit contract (including the terms of the contract and the type and amount of credit provided under the contract);

(b) if there is a target market determination (within the meaning of the Corporations Act 2001) for the low cost credit contract—the nature of the target market for the low cost credit contract, as described in that determination;

whether the consumer is financially vulnerable;

whether the licensee has any procedures in place to reduce the risk of the licensee providing credit to a consumer on terms that are not affordable for the consumer;

whether the licensee has any procedures in place to mitigate the harm that may be caused to a consumer if the licensee provides credit to the consumer on terms that are not affordable for the consumer;

any matters prescribed by the regulations.

making an assessment that would satisfy paragraph 128(c) in relation to entering a larger contract with the consumer; and

making inquiries and verification that would satisfy paragraph 128(d) in relation to entering the larger contract with the consumer.

the licensee satisfies paragraphs 128(c) and (d) in relation to entering the initial contract by:

(i) making an assessment (the initial assessment) that would satisfy paragraph 128(c) in relation to entering, with the consumer, a larger contract with a particular credit limit (the maximum credit limit); and

(ii) making inquiries and verification (the initial inquiries and verification) that would satisfy paragraph 128(d) in relation to entering the larger contract with the consumer; and

the initial assessment is an assessment that the larger contract will not be unsuitable for the consumer if the larger contract is entered in the period covered by the initial assessment.

the licensee is taken to satisfy section 128 in relation to the protected increase (regardless of whether the initial assessment, and the initial inquiries and verification, were made within the period that applies in relation to the protected increase under that section); and

the initial assessment is taken to be:

(i) an assessment that covers the protected period; and

an assessment that the initial contract will not be unsuitable for the consumer if the protected increase is made in the protected period.

the licensee may, at any time after making the initial assessment and before making the protected increase, make a new assessment in relation to the protected increase for the purposes of paragraph 128(c); and

if the licensee does so, then subsection (4) of this section does not apply to the licensee in relation to the protected increase.

has a credit limit that is greater than the credit limit of the initial contract when the initial contract is entered; and

has terms that are otherwise substantially the same as the terms of the initial contract when the initial contract is entered.

after the increase, the initial contract has a credit limit that is no greater than the maximum credit limit (within the meaning of subparagraph (3)(a)(i)); and

the terms of the initial contract after the increase are otherwise substantially the same as the terms of the initial contract immediately before the increase.

the period covered by the initial assessment;

the period of 2 years beginning when the period covered by the initial assessment begins.

the licensee satisfies paragraph 128(c) in relation to entering the initial contract by making an assessment that would satisfy that paragraph in relation to entering a larger contract with the consumer (see subsection 133BXD(2)); and

the credit limit of the larger contract is greater than the threshold amount.

the licensee previously satisfied paragraph 128(c) in relation to entering the initial contract by making an assessment that would have satisfied that paragraph in relation to entering a larger contract with the consumer (see subsection 133BXD(2)); and

the credit limit of the larger contract was greater than the threshold amount; and

because of subsection 133BXD(4), the licensee is not required to make a new assessment in order to satisfy paragraph 128(c) into relation to the relevant increase.

has a credit limit that is greater than the credit limit of the initial contract when the initial contract is entered; and

has terms that are otherwise substantially the same as the terms of the initial contract when the initial contract is entered.

$2,000, unless paragraph (b) applies; or

if the regulations prescribe another dollar amount (whether larger or smaller) for the purposes of this paragraph—that other dollar amount.

$2,000, unless paragraph (b) applies; or

if the regulations prescribe another dollar amount (whether larger or smaller) for the purposes of this paragraph—that other dollar amount.

the credit contract is a low cost credit contract; and

the credit provider has made an election under subsection 133BXA(1) of the National Credit Act that covers the contract, and the election is in force;

continue in force on and after that commencement; and

are taken, on and after that commencement, to be made for the purposes of that section as amended by this Part.

conduct mentioned in paragraph 133BXC(1)(a) or (b) of the Act that occurs on or after the commencement time; and

determining whether a licensee has done a thing mentioned in paragraph 133BXC(2)(a), (b) or (c) of the Act, whether that thing is done before, on or after the commencement time.

the contract is entered on or after the commencement time; and

the assessment, and the inquiries and verification, mentioned in that subsection are made on or after the commencement time.

in relation to entering a low cost credit contract, as mentioned in paragraph 133BXD(3)(a) of the Act, if:

the contract is entered on or after the commencement time; and

the assessment, and the inquiries and verification, mentioned in that paragraph are made on or after the commencement time; and

in relation to an increase to the credit limit of a low cost credit contract, as mentioned in subsection 133BXD(4) of the Act, if the increase occurs on or after the commencement time.

a person who is not a member of the AFCA scheme to engage in a credit activity in relation to a contract that is not a low cost credit contract; or

a person who is not a member of the AFCA scheme to collect, on the licensee’s behalf, repayments made by a debtor under a low cost credit contract; or

a natural person who is not a member of the AFCA scheme to engage in a credit activity in relation to a contract that is not a low cost credit contract; or

a natural person who is not a member of the AFCA scheme to collect, on the licensee’s behalf, repayments made by a debtor under a low cost credit contract; or

for the purpose of satisfying subsection 113(1) in connection with the provision of credit assistance to the consumer in relation a low cost credit contract; or

for the purpose of satisfying subsection 126(1) in connection with entry into a low cost credit contract with the consumer; or

for the purpose of satisfying subsection 127(1) in connection with the assignment to the licensee of rights or obligations of a credit provider under a low cost credit contract.

to the extent that it relates to subsection 71(1) of that Act (which deals with the obligation to notify when an authorisation is given)—applies in relation to authorisations given on or after the commencement of this Part; and

to the extent that it relates to subsection 71(4) of that Act (which deals with the obligation to notify of changes after an authorisation is given)—applies, on and after the commencement of this Part, in relation to authorisations given before, on or after that commencement.

a precontractual statement setting out the matters required by section 17 to be included in the contract document; and

an information statement that complies with:

the requirements prescribed by the regulations; and

any requirements determined by ASIC under subsection (1B) of this section.

before the commencement of this Part; and

in accordance with section 16 of the National Credit Code (as in force at the time the statements were given).

subsections (4), (5) and (6) do not apply in relation to the contract document; and

the contract document must contain a statement to the effect that no interest charges are payable under the contract.

the frequency of payment of repayments; and

if ascertainable, the amount of the repayments, the number of repayments and the total amount of the repayments; and

if the amount of the repayments is not ascertainable—the method of calculating the amount of the repayments.

the provision of credit under a continuing credit contract (or to a continuing credit contract or matters related to such a contract); or

the provision of credit under a low cost credit contract (or to a low cost credit contract or matters related to such a contract).

began to be published before the commencement of this Part; and

remains published on, or for a period after, that commencement;

a debtor under a low cost credit contract is in default in relation to the payment of an amount under the contract; and

it is the first occasion when the debtor is in default in relation to such a payment.

the giver notifies the recipient, in accordance with subsection (3), that the covered material is available for retrieval by the recipient on an electronic document retrieval system (see subsection (5)); and

the giver makes the covered material available for retrieval by the recipient, in accordance with the notification, for a reasonable period after the giver gives the notification to the recipient; and

the covered material is made available for retrieval by the recipient in such a manner that it is reasonable to expect that the recipient will be able to save the covered material to an electronic file and print it.

explain the nature of the covered material; and

include any information relating to the covered material that the recipient needs in order to be able to retrieve the covered material.

that occurs at or after the time the giver gives the recipient the notification mentioned in paragraph (2)(a); and

at which the covered material is available for retrieval by the recipient as mentioned in paragraphs (2)(b) and (c).

the regulations prescribe requirements relating to the giving of information or documents for the purposes of the covered provision; and

those requirements are not satisfied.

the person’s assessable income for the year includes one or more eligible lump sums; and

the total arrears amount is not less than 10% of the normal taxable income of the year; and

in each relevant accrual year, one or more of the following applied:

the sum of the person’s taxable income and the annual arrears amount for the year did not exceed the phase-in limit;

under section 8, no levy was payable by the person on the person’s taxable income and, if the annual arrears amount for the year had been included in the person’s taxable income, either no levy would have been payable or the amount of levy would have been reduced;

under section 8, the amount of the levy payable by the person on the person’s taxable income was reduced, and would also have been reduced if the annual arrears amount for the year had been included in the person’s taxable income;

the person was a prescribed person for at least one day.

whether levy is payable by the person on the person’s taxable income for the year of income; or

whether the amount of levy payable by the person on the person’s taxable income for the year of income is to be reduced;

if there are 2 or more accrual years for the total arrears amount—the most recent 2 of those years; or

in any other case—the accrual year for the total arrears amount.

applies to assessments for the 2024-25 year of income and later years of income; and

applies in relation to accrual years that begin before, at or after the commencement of this item.

the entity is:

a constitutional corporation; or

a partnership in which each of the partners is a constitutional corporation; or

a trust of which each of the trustees is a constitutional corporation; and

the entity was a country by country reporting parent for a period that includes the whole or a part of the period mentioned in subsection (2) that preceded the reporting period; and

the entity is a member of a country by country reporting group at any time during the reporting period; and

at any time during the reporting period, the entity or another member of the country by country reporting group is:

an Australian resident; or

(ii) a foreign resident who operates an Australian permanent establishment (within the meaning of Income Tax Assessment Act 1936); andPart IVA of the

assuming that the reporting period were an income year, both of the following apply:

the entity’s aggregated turnover for the income year includes one or more amounts of income from an Australian source;

the sum of those amounts is $10 million or more; and

the entity is not included in a class of entities:

prescribed by the regulations for the purposes of this subparagraph; or

specified in a legislative instrument under subsection 3DB(4); and

the entity and the reporting period are not specified in an exemption under subsection 3DB(5).

if paragraph (b) of this subsection does not apply—each period for which audited consolidated financial statements for the entity for the period are prepared; or

(b) if the entity does not prepare audited consolidated financial statements—each period for which the entity would be, on the assumption that the entity were a listed company (Income Tax Assessment Act 1936), required to prepare such statements.within the meaning of section 26BC of the

publish the information set out in subsection 3DA(1), except to the extent the entity, the information and the reporting period are specified in an exemption under subsection 3DB(6); and

do so by giving a document containing the information to the Commissioner in the approved form.

(a) the entity is a government related entity (within the meaning of the A New Tax System (Goods and Services Tax) Act 1999); and

the Commissioner has given notice to the entity for the period under subsection (6).

the name of the entity;

the names of each other entity that, at that time, was a member of the country by country reporting group;

a description of the country by country reporting group’s approach to tax;

the matters listed in subsection (3) of this section for the reporting period in respect of each of the following jurisdictions:

Australia;

a jurisdiction specified in a determination under subsection (4), if the country by country reporting group operates in that jurisdiction;

in respect of the jurisdictions in which the country by country reporting group operates that are not mentioned in paragraph (d) of this subsection:

a description of the country by country reporting group’s main business activities for the reporting period in the area consisting of those jurisdictions;

for each matter listed in subsection (5), the amounts for the reporting period for that matter in respect of each jurisdiction in the area, published as a sum of those amounts for that matter;

the currency used in calculating and presenting the information mentioned in subparagraph (ii);

if regulations for the purposes of this paragraph prescribe information—that information.

the name of the jurisdiction;

a description of main business activities;

the number of employees (on a full-time equivalent basis) as at the end of the reporting period;

revenue from unrelated parties;

revenue from related parties that are not tax residents of the jurisdiction;

profit or loss before income tax;

the book value at the end of the reporting period of tangible assets, other than cash and cash equivalents;

(h) income tax paid (on a cash basis);

income tax accrued (current year);

the reasons for the difference between:

the amount mentioned in paragraph (i) of this subsection; and

the amount of income tax due if the income tax rate applicable in the jurisdiction were applied to the amount mentioned in paragraph (f) of this subsection;

the currency used in calculating and presenting the information mentioned in paragraphs (d) to (j) of this subsection.

the number of employees (on a full-time equivalent basis) as at the end of the reporting period;

revenue from unrelated parties;

revenue from related parties that are not tax residents of the jurisdiction;

profit or loss before income tax;

the book value at the end of the reporting period of tangible assets, other than cash and cash equivalents;

(f) income tax paid (on a cash basis);

income tax accrued (current year).

if paragraph (b) of this subsection does not apply—amounts as shown in the audited consolidated financial statements for the entity for the reporting period; or

(b) if audited consolidated financial statements for the entity for the reporting period have not been prepared—amounts that would be, on the assumptions that the entity were a listed company (Income Tax Assessment Act 1936) and such statements were prepared, shown in those statements.within the meaning of section 26BC of the

(a) so as best to achieve consistency with Disclosures 207-1 and 207-4 of GRI 207:Tax 2019 of the Global Reporting Initiative’s Sustainability Reporting Standards; and

having regard to the following documents, to the extent they are relevant:

the Transfer Pricing Guidelines for Multinational Enterprises and Tax Administrations, as approved by the Council of the Organisation for Economic Cooperation and Development and last amended on 7 January 2022;

(ii) Guidance on the Implementation of Country-by-Country Reporting: BEPS Action 13 (2022) of the Organisation for Economic Cooperation and Development;

a document, or part of a document, prescribed by the regulations for the purposes of this subparagraph.

if the error is a material error—must; or

otherwise—may;

an entity that is exempt from publishing information under subsection 3D(3); and

the reporting period for which the exemption applies.

an entity that is exempt from publishing information of a particular kind; and

the particular kind of information that the entity is exempt from publishing; and

the reporting period for which the exemption applies.

to publish information in the manner in which it is required under a taxation law to be published; or

you are required under subsection 3D(3) or 3DB(2) to publish information by giving a document containing the information to the Commissioner in the *approved form by a particular day; and

you do not publish the information by giving the document to the Commissioner in the approved form by that day.

starting on the day mentioned in paragraph (1)(a); and

ending when you publish the information by giving the document to the Commissioner in the approved form;

payments to be spent by the States in accordance with a skills and workforce development agreement; and

the National Skills Agreement that was entered into between the Commonwealth and the States and that took effect on 1 January 2024, as amended from time to time; or

if the agreement referred to in paragraph (a) ceases to have effect—an agreement, as amended from time to time, that:

is entered into between the Commonwealth and one or more States; and

relates to skills or workforce development, or both; and

is expressed to be a skills and workforce development agreement for the purposes of this Act; and

is entered into before or after the commencement of this paragraph.

the State is a party to a skills and workforce development agreement; and

the financial year is the 2024-25 financial year or a later financial year.

if:

the determination relates to financial assistance to a State under section 12A; and

the State is a party to a skills and workforce development agreement;

paragraph 12(2)(c) of the Act;

subsections 12(4) and (5) of the Act;

any determinations under the subsections mentioned in paragraph (b) of this subitem.

subitem (3) or (4) of this item; or

subsection 12(4) or (5) of the Act, as those subsections are continued in force by subitem (1) of this item;

a determination was made in relation to the 2023-24 financial year or an earlier financial year under subsection 12(4) or (5) of the Act; and

the determination is in force immediately before the commencement of this Schedule;

section 18 of the Act does not apply to the amount; and

the Minister must deduct an amount equal to the excess from any amount that the State is entitled to receive by way of financial assistance under section 12A of that Act for the first practicable subsequent financial year.

section 18 of the Act does not apply to the amount; and

the Minister must add an amount equal to the shortfall to any amount that the State is entitled to receive by way of financial assistance under section 12A of the Act for the first practicable subsequent financial year.