Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024 (Cth)

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024

No. 23, 2024

An Act to amend the law relating to corporations and taxation, and for related purposes

Contents 1 Short title 2 Commencement 3 Schedules 4 Review of operation of amendments Schedule 1—Multinational tax transparency—disclosure of subsidiaries Corporations Act 2001 Schedule 2—Thin capitalisation Part 1—Amendments Income Tax Assessment Act 1936 Income Tax Assessment Act 1997 Taxation Administration Act 1953 Part 2—Application

Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024 No. 23, 2024

An Act to amend the law relating to corporations and taxation, and for related purposes

[Assented to 8 April 2024]

The Parliament of Australia enacts:

1 Short title This Act is the Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Act 2024.

2 Commencement (1) Each provision of this Act specified in column 1 of the table commences, or is taken to have commenced, in accordance with column 2 of the table. Any other statement in column 2 has effect according to its terms.

Commencement information Column 1 Column 2 Column 3 Provisions Commencement Date/Details 1. Sections 1 to 4 and anything in this Act not elsewhere covered by this table The day this Act receives the Royal Assent. 8 April 2024 2. Schedule 1 The day after this Act receives the Royal Assent. 9 April 2024 3. Schedule 2 The first 1 January, 1 April, 1 July or 1 October to occur after the day this Act receives the Royal Assent. 1 July 2024