Senate debates

Thursday, 3 December 2015


Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015; In Committee

5:15 pm

Photo of Mathias CormannMathias Cormann (WA, Liberal Party, Minister for Finance) Share this | Hansard source

Entities will be permitted to lodge either tier 1 or tier 2 accounts depending the activities of the company and consistent with existing AASB reporting requirements. It is not a discretion of the regulator and is in line with international accounting definitions that both tier 1 and tier 2 include significant taxation related party payment information.


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