On 28 September 2017, the Australian Taxation Office (ATO) published guidance on the provision of general purpose financial statements (GFPS) by significant global entities. The requirement applies for income years beginning on or after 1 July 2016 for entities with annual global group income of more than AUD 1 billion, including Australian resident entities and foreign residents operating an Australian permanent establishment. In general, the GFPS must be submitted to the Commissioner of Ta…