Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p8
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 8/16)
Character Range: 984141–986843

to give to the Commissioner:
 (i) the *GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year; or
 (ii) a notice mentioned in paragraph 127‑20(2)(b) in respect of the Applicable MNE Group for the Fiscal Year.

127‑20  GloBE Information Returns given to foreign government agencies
 (1) This section applies in relation to an *Applicable MNE Group for a *Fiscal Year if:
 (a) either:
 (i) the *GloBE Ultimate Parent Entity of the Applicable MNE Group is *GloBE located in a foreign country or part of a foreign country that has a *Qualifying Competent Authority Agreement in effect with Australia for the Fiscal Year; or
 (ii) a *Designated Filing Entity in relation to the *GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year is GloBE located in a foreign country or part of a foreign country that has a Qualifying Competent Authority Agreement in effect with Australia for the Fiscal Year; and
 (b) the GloBE Ultimate Parent Entity or Designated Filing Entity gives a GloBE Information Return in respect of the Applicable MNE Group for the Fiscal Year to a *foreign government agency of the foreign country or part of the foreign country no later than the time specified in section 127‑60 in relation to the Fiscal Year.
 (2) Each *Group Entity of the *Applicable MNE Group that is required to give a *GloBE Information Return in respect of the Applicable MNE Group for the *Fiscal Year to the Commissioner:
 (a) is taken to give the GloBE Information Return to the Commissioner, in accordance with subsection 127‑5(2), at the time the *GloBE Ultimate Parent Entity or *Designated Filing Entity gives the GloBE Information Return to the *foreign government agency; and
 (b) must give the Commissioner a notice in accordance with subsection 127‑30(1) in respect of the Applicable MNE Group for the Fiscal Year.
 (3) A foreign country or part of a foreign country has a Qualifying Competent Authority Agreement in effect with Australia for a *Fiscal Year if an agreement or arrangement that:
 (a) is between 2 or more competent authorities:
 (i) at least one of which is a competent authority of Australia; and
 (ii) at least one of which is a competent authority of that foreign country or part of a foreign country; and
 (b) provides for the automatic exchange of annual *GloBE Information Returns for the Fiscal Year;
is in effect.

Commissioner may require Group Entity to give GloBE Information Return
 (4) If:
 (a) under subsection (2), a *Group Entity of the *Applicable MNE Group is taken to give a *GloBE Information Return in respect of the Applicable MNE Group for the *Fiscal Year to the Commissioner because the GloBE Information