Inquiry into Treasury Laws Amendment (Making Multinational Pay Their Fair Share – Integrity and Transparency) Bill 2023

ACCI commends the government on its decision to delay the release of the CbCR component of the Bill and deferring the commencement of reporting until 1 July 2024 to allow time for genuine consultation. Further consultation is essential to ensure the CbCR requirements are workable, better align with the requirements in other jurisdictions, and do not impose a large administrative and compliance burden on multinational enterprises (MNEs) operating in Australia.