Australia has published the Treasury Laws Amendment (2020 Measures No. 1) Act 2020, which received royal assent (was enacted) on 25 May 2020. As provided in the explanatory memorandum, the Act includes amendments to broaden the definition of a significant global entity (SGE) in the tax law so that it:
- applies to groups of entities headed by an entity other than a listed company in the same way as it applies to groups headed by a listed company; and
- applies despite exceptions to when a group…