On 16 September 2015, Australia's Treasurer Joe Hockey presented to Parliament the Tax Laws Amendment (Combating Multinational Tax Avoidance) Bill 2015. The bill includes four main measures (schedules):

• The definition of significant global entities;
• The multinational anti-avoidance law;
• The scheme penalties for significant global entities; and
• Country-by-country (CbC) reporting

Significant …