Australia Pillar Two update – new rules and guidance

These new developments should serve as a call to action, given the first Pillar Two filings are due soon, as highlighted by Alia Lum and Amanda Maguire.

While there have been significant Pillar Two developments at the Organisation for Economic Co-operation and Development (OECD) level, there has also been a number of Australian updates. These include: finalised rules for exemptions from filing Australian Pillar Two returns; Australia signing the Pillar Two Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA); finalised amending Australian Pillar Two legislation draft further amendments to the Austr...

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Authors: Alia Lum, Amanda Maguire

Published Date: 04 March 2026