<Monetary threshold for LF preparation>

​ Applicable if the entity is a member of a multinational enterprise (MNE) group with consolidated revenue of AUD 1 billion

 or more.

<Preparation deadline>

• Within 15 days after the end of the 7th month following the fiscal year-end.

<Submission deadline>

• Within 12 months after the end of the fiscal year.

<Language>

• English

<Penalty>

• Failure to submit LF may result in significant penalties, up to AUD 825,000.

  • Reference: Subdivision 815-E of the ITAA 1997