Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_27:p1
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 27 (pt 1/3)
Character Range: 11803–14495

27  Subsection 995‑1(1)
Insert:
Applicable MNE Group, for a *Fiscal Year, has the same meaning as in the *Minimum Tax Act, as affected by section 28 of that Act.
Australian DMT tax means tax payable under section 8 of the *Minimum Tax Act.
Note: DMT is short for Domestic Minimum Top‑up.
Australian DMT tax amount means a Domestic Top‑up Tax Amount (within the meaning of the *Minimum Tax Act).
Australian DMT tax return has the meaning given by section 127‑45 in Schedule 1 to the Taxation Administration Act 1953.
Australian GloBE tax means:
 (a) *Australian DMT tax; and
 (b) *Australian IIR tax; and
 (c) *Australian UTPR tax.
Australian GloBE tax affairs means affairs relating to:
 (a) *Australian IIR/UTPR tax; or
 (b) *Australian DMT tax.
Australian IIR tax means tax payable under section 6 of the *Minimum Tax Act.
Note: IIR is short for income inclusion rule.
Australian IIR/UTPR tax means:
 (a) *Australian IIR tax; and
 (b) *Australian UTPR tax.
Australian IIR/UTPR tax amount means:
 (a) an IIR Top‑up Tax Amount (within the meaning of the *Minimum Tax Act); or
 (b) a UTPR Top‑up Tax Amount (within the meaning of that Act).
Australian IIR/UTPR tax return has the meaning given by section 127‑35 in Schedule 1 to the Taxation Administration Act 1953.
Australian UTPR tax means tax payable under section 10 of the *Minimum Tax Act.
Note: UTPR is short for undertaxed profits rule.
Constituent Entity, of an *Applicable MNE Group, has the same meaning as in the *Minimum Tax Act, as affected by section 28 of that Act.
Designated Filing Entity has the meaning given by section 127‑25.
Designated Local Entity has the meaning given by section 127‑15.
Fiscal Year has the same meaning as in the *Minimum Tax Act.
foreign DMT tax has the meaning given by section 770‑150.
foreign GloBE tax means:
 (a) *foreign DMT tax; and
 (b) *foreign IIR tax; and
 (c) *foreign UTPR tax.
foreign IIR tax means tax that:
 (a) is payable under a *foreign law; and
 (b) satisfies the requirements of the IIR (within the meaning of the *GloBE Rules).
foreign UTPR tax means tax that:
 (a) is payable under a *foreign law; and
 (b) satisfies the requirements of the UTPR (within the meaning of the *GloBE Rules).
GloBE Entity means an Entity (within the meaning of the *Minimum Tax Act).
GloBE Excluded Entity means an Excluded Entity (within the meaning of the *Minimum Tax Act).
GloBE Implementation Framework:
 (a) means the GloBE Implementation Framework (within the meaning of the *Minimum Tax Rules); or
 (b) if the expression GloBE Implementation Framework is not used in the Minimum Tax Rules—has the meaning given by the regulations.
GloBE Information Return has the meaning given by section