Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p6
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 6/16)
Character Range: 978866–981806

155‑70.
 (2) Despite subsection 155‑35(2), the period of review, for an assessment of an amount of *Laminaria and Corallina decommissioning levy, is:
 (a) the period:
 (i) starting on the day on which the Commissioner first gives notice of the assessment to you under section 155‑10; and
 (ii) ending on the last day of the period of 6 months starting the day after that day; or
 (b) if the period of review is extended under subsection 155‑35(3) or (4)—the period as so extended.

Part 3‑18—Australian IIR/UTPR tax and Australian DMT tax

Division 127—General provisions relating to Australian IIR/UTPR tax and Australian DMT tax

Table of Subdivisions
 Guide to Division 127
127‑A Returns
127‑B When taxes are due and payable etc.
127‑C GloBE Excluded Entities

Guide to Division 127

127‑1  What this Division is about

      Certain Group Entities of an Applicable MNE Group must give the Commissioner a GloBE Information Return, Australian IIR/UTPR tax return and Australian DMT tax return.
      An amount of Australian IIR/UTPR tax and Australian DMT tax for a Fiscal Year is usually due and payable on the last day of the 15th month after the end of the Fiscal Year.
      This Division contains other rules relating to the administration of the taxes, including rules dealing with charges and assessments.

Subdivision 127‑A—Returns

Table of sections

GloBE Information Returns
127‑5 GloBE Information Returns
127‑10 GloBE Information Returns given by Designated Local Entities
127‑15 Meaning of Designated Local Entity
127‑20 GloBE Information Returns given to foreign government agencies
127‑25 Meaning of Designated Filing Entity
127‑30 GloBE Information Returns given to foreign government agencies—notification requirement

Australian IIR/UTPR tax returns
127‑35 Australian IIR/UTPR tax returns
127‑40 Australian IIR/UTPR tax returns given by Designated Local Entities

Australian DMT tax returns
127‑45 Australian DMT tax returns
127‑50 Australian DMT tax returns given by Designated Local Entities
127‑55 GloBE Joint Ventures and GloBE JV Subsidiaries

Other provisions
127‑60 When returns must be given
127‑65 GloBE Main Entities and GloBE Permanent Establishments

GloBE Information Returns

127‑5  GloBE Information Returns

Giving GloBE Information Returns
 (1) A *Group Entity of an *Applicable MNE Group for a *Fiscal Year must give the Commissioner a *GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year if the Group Entity is *GloBE located in Australia for the Fiscal Year.
Note: The Group Entity is required to give the Commissioner a GloBE Information Return even if the amount of Australian IIR/UTPR tax and Australian DMT tax the Group Entity is liable to pay in relation to the Fiscal Year is nil.
 (2) The *GloBE Information Return given under subsection (1) must:
 (a) be *lodged electronically; and
 (b) be in the *approved form.
 (3) A GloBE Information Return, in respect