Australia
Overview of CbC reporting requirements
First reporting fiscal year: Commencing on or after 1 January 2016
Consolidated group revenue threshold: AUD 1 billion
Filing deadline: 12 months following the end of the reporting fiscal year
The domestic legal and administrative framework
Australia confirms that its rules have not changed and continue to be applied effectively. Australia continues to meet all terms of reference.
The exchange of information framework
Australia made some exchanges of CbC reports after the deadline. This was caused by delay on a technical upgrade that has since been resolved and so no recommendation is required.
Australia confirms that its rules have not changed and continue to be applied effectively. Australia continues to meet all terms of reference.