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What is a significant global entity

The ATO requires GPFR 

The ATO has a definition here:

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An SGE is defined in Subdivision 960-U of the Income Tax Assessment Act 1997 (ITAA 1997). For income years commencing on or after 1 July 2019, an entity is an SGE for a period if it is ANY of the following:

  1. a global parent entity (GPE) with an annual global income of A$1 billion or more
  2. a member of a group of entities consolidated for accounting purposes as a single group and one of the other group members is a GPE with an annual global income of A$1 billion or more
  3. a member of a notional listed company group and one of the other group members is a GPE with an annual global income of A$1 billion or more.