On 10 August 2016, the Australian Taxation Office (ATO) published a discussion paper for public comment on a draft practical compliance guideline that sets out the ATO's compliance approach to transfer pricing issues related to offshore marketing hubs. In particular, the guideline is meant to assist taxpayers in: Assessing whether their hub arrangements pose a transfer pricing risk and how they can work with the ATO to mitigate risk; Understanding when the ATO may take a closer look at hub arrangements and the documentation and evidence that is expected to be prepared and readily available; and Understanding related disclosure obligations....