Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—€”Integrity and Transparency) 2023

# Treasury Laws Amendment (Making Multinationals Pay Their Fair Share—Integrity and Transparency) Bill 2023 ## What it does Large multinational companies listed on the Australian Stock Exchange now have to publicly disclose details of all their subsidiaries and related entities in their annual financial reports. The bill also tightens rules around how multinationals can shift profits between countries using debt arrangements—making it harder for them to reduce their Australian tax bills through internal loans. ## Why it matters More transparency about where multinational profits are actually being earned and held means the Australian Tax Office can better track whether these companies are paying their fair share of tax here. It helps level the playing field between big multinationals and Australian-owned businesses that can't use the same tax minimisation strategies. ## Key details - **Who it affects**: Public companies with consolidated operations (think major banks, mining companies, tech firms operating through multiple entities) - **What they must disclose**: The name, location, and type of each subsidiary or related entity they own, plus which ones are actually operating and which are just holding structures - **When it starts**: The subsidiary disclosure rules kicked in the day after the bill received Royal Assent; the debt-shifting rules begin on the next available quarter-start date (1 January, April, July, or October) after the law passed

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