Further entity disclosures required under Consolidated Entity Disclosure Statements

It is anticipated that the additional disclosures relating to multiple tax residencies for entities may require substantial judgement and involvement of legal or tax specialists, as highlighted by Julie Locke and Zuzana Paulech.

The Treasury Laws Amendment (Making Multinationals Pay Their Fair Share – Integrity and Transparency) Act 2024 (Amendments) passed both houses of parliament on 27 March 2024 and received Royal Assent on 8 April 2024. Minor clarifications were enacted in December 2024 subsequently in relation to these disclosures by the Treasury Laws Amendment (Fairer for Families and Farmers and Other Measures) Act 2024 (the Amending Act). Key requirements The Act addresses tax transparency measures ...

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Authors: Julie Locke, Zuzana Paulech,

Published Date: 08 April 2025