The Australian Treasury has published the Treasury Laws Amendment (Measures for a later sitting) Bill 2018: significant global entities for public consultation. The legislation provides for an expansion of the definition of a significant global entity (SGE) to include members of large multinational groups headed by proprietary companies, trusts, partnerships, and investment entities to ensure the related rules operate as intended. SGE's are subject to CbC reporting, the Multinational Anti-Avo…