Document ID: chunk:federal_register_of_legislation:C2024A00134:clause:1_56
Version: federal_register_of_legislation:C2024A00134
Segment Type: clause
Provision Reference: sch 1 cl 56
Character Range: 63888–66447

56  At the end of section 355‑25 in Schedule 1
Add:
 (3) An entity (the covered entity) is covered by this subsection in relation to *protected information that relates to another entity (the primary entity) if:
 (a) all of the following subparagraphs apply:
 (i) the primary entity is, or has been, a *Group Entity of an *Applicable MNE Group;
 (ii) the covered entity is, or has been, a Group Entity of an Applicable MNE Group;
 (iii) the protected information relates to the *Australian GloBE tax affairs of any entity that is, or has been, a Group Entity of the Applicable MNE Group; or
 (b) all of the following subparagraphs apply:
 (i) the primary entity is, or has been, a *GloBE Joint Venture of an Applicable MNE Group;
 (ii) the covered entity is, or has been, a *Globe JV Subsidiary of the GloBE Joint Venture;
 (iii) the protected information relates to the Australian GloBE tax affairs of any entity that is, or has been, a Globe JV Subsidiary of the GloBE Joint Venture; or
 (c) all of the following subparagraphs apply:
 (i) the primary entity is, or has been, a GloBE JV Subsidiary of a GloBE Joint Venture of an Applicable MNE Group;
 (ii) the covered entity is, or has been, the GloBE Joint Venture, or another GloBE JV Subsidiary of the GloBE Joint Venture;
 (iii) the protected information relates to the Australian GloBE tax affairs of any entity that is, or has been, the GloBE Joint Venture or a GloBE JV Subsidiary of the GloBE Joint Venture; or
 (d) all of the following subparagraphs apply:
 (i) the primary entity is, or has been, a GloBE Joint Venture of an Applicable MNE Group or a GloBE JV Subsidiary of a GloBE Joint Venture of an Applicable MNE Group;
 (ii) the covered entity is, or has been, a Group Entity of the Applicable MNE Group;
 (iii) the protected information relates to the Australian GloBE tax affairs of any entity that is, or has been, the GloBE Joint Venture, a Globe JV Subsidiary of the GloBE Joint Venture or a Group Entity of the Applicable MNE Group; or
 (e) the covered entity is the *registered tax agent or BAS agent of another covered entity mentioned in paragraph (a), (b), (c) or (d) in relation to the relevant primary entity mentioned in those paragraphs; or
 (f) the covered entity is a *legal practitioner:
 (i) representing another covered entity mentioned in paragraph (a), (b), (c) or (d) in relation to the affairs of the relevant primary entity mentioned in those paragraphs; and
 (ii) representing the other covered entity in relation to the other entity's Australian GloBE tax affairs.