Document ID: chunk:federal_register_of_legislation:C2025C00180:clause:1_3:p14
Version: federal_register_of_legislation:C2025C00180
Segment Type: clause
Provision Reference: sch 1 cl 3 (pt 14/16)
Character Range: 998995–1001738

in relation to an amount of *Australian IIR/UTPR tax or *Australian DMT tax, apply the provisions of that Division with the modification set out in subsection (2) of this section.
 (2) Despite subsection 155‑35(2), the period of review, for an assessment of an amount of *Australian IIR/UTPR tax for a *Fiscal Year, is:
 (a) the period of 4 years starting on the later of:
 (i) the day on which the *GloBE Information Return for the relevant *Applicable MNE Group for the Fiscal Year is given to the Commissioner; and
 (ii) the day on which the *Australian IIR/UTPR tax return for the relevant *Group Entity for the Fiscal Year is given to the Commissioner; or
 (b) if the period of review is extended under subsection 155‑35(3) or (4)—the period as so extended.
 (3) Despite subsection 155‑35(2), the period of review, for an assessment of an amount of *Australian DMT tax for a *Fiscal Year, is:
 (a) the period of 4 years starting on the later of:
 (i) the day on which the *GloBE Information Return for the relevant *Applicable MNE Group for the Fiscal Year is given to the Commissioner; and
 (ii) the day on which the *Australian DMT tax return for the relevant *Group Entity for the Fiscal Year is given to the Commissioner; or
 (b) if the period of review is extended under subsection 155‑35(3) or (4)—the period as so extended.

Subdivision 127‑C—GloBE Excluded Entities

Table of sections

Operative provisions
127‑80 Provisions do not apply to GloBE Excluded Entities

Operative provisions

127‑80  Provisions do not apply to GloBE Excluded Entities
  A reference in this Division to a *Group Entity does not include a reference to a *GloBE Excluded Entity.

Division 128—Extended application of tax laws relating to Australian IIR/UTPR tax and Australian DMT tax

Table of Subdivisions
 Guide to Division 128
128‑A Additional liability of Entities in Group or JV Group
128‑B Extended application to certain types of entity
128‑C GloBE Excluded Entities

Guide to Division 128

128‑1  What this Division is about
      This Division extends onto other entities the obligations and liabilities of various entities under the Minimum Tax law.

Subdivision 128‑A—Additional liability of Entities in Group or JV Group

Table of sections
128‑5 Additional liability of Group Entities of Applicable MNE Group
128‑10 Additional liability of Entities in a JV Group

128‑5  Additional liability of Group Entities of Applicable MNE Group
 (1) If an amount is payable under the *Minimum Tax law by a *Group Entity of an *Applicable MNE Group for a *Fiscal Year:
 (a) that Group Entity; and
 (b) each other Group Entity of the Applicable MNE Group (other than a Group Entity excluded by subsection (2));
are jointly and severally liable to pay the